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Tag Archives: J.P. Morgan Securities

CACI Allots $975M for LGS, Mastodon Design Acquisitions; Ken Asbury Quoted

CACI International (NYSE: CACI) has agreed to acquire Herndon, Va.-based government technology contractor LGS Innovations and purchased Rochester, N.Y.-based rugged equipment manufacturer through a pair of deals worth approximately $975M combined. Ken Asbury, president and CEO of CACI and a 2019 Wash100 winner, said in a statement released Wednesday combining …

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Cerberus to Acquire Sparton; Tarek Ajouz Quoted

New York-based private equity firm Cerberus Capital Management has agreed to pay $18.50 in cash for each outstanding share of Sparton’s (NYSE: SPA) common stock. Sparton said Wednesday its board of directors cleared the transaction, which is expected to conclude in the first quarter of calendar year 2019. Tarek Ajouz, a managing director …

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CACI Drops Acquisition Bid for CSRA; Ken Asbury Comments

CACI International (NYSE: CACI) has withdrawn its bid to purchase CSRA (NYSE: CSRA) for $44.00 per share in cash and stock, or approximately $7.2 billion. “We will continue our aggressive pursuit of strategic opportunities, judiciously and without engaging in auctions at uneconomic levels,” CACI CEO Ken Asbury said in a statement …

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CACI Offers $7.2B Cash & Stock for CSRA

CACI International (NYSE: CACI) has offered to acquire CSRA (NYSE: CSRA) for approximately $7.2 billion in cash and stock, or $44.00 per share, in a bid to form a combined entity that will deliver mission services and enterprise support offerings to government clients. Arlington, Virginia-based CACI said Sunday its board …

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UTC Proposes $30B Deal for Rockwell Collins in Aerospace Market Push; Greg Hayes Comments

United Technologies Corp. (NYSE: UTX) has agreed to purchase Cedar Rapids, Iowa-based avionics contractor Rockwell Collins (NYSE: COL) through an estimated $30 billion transaction in a move to establish a new aerospace systems supplier that will work to meet the evolving needs of global clients. Farmington, Connecticut-based conglomerate UTC said Monday it will pay …

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NTT Data Completes $3.05B Purchase of Dell Services

A subsidiary of Japan-based conglomerate Nippon Telegraph & Telephone (NYSE: NTT) has wrapped up its acquisition of Dell’s services business for $3.05 billion in a strategy to expand the former’s consulting and information technology services. NTT Data CEO John McCain will oversee the newly acquired firm that will operate as NTT Data Services on …

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Symantec Closes $5.3B Veritas Sale to Carlyle Group; Michael Brown Comments

A group of investors led by Carlyle Group (Nasdaq: CG) has closed its nearly $5.3 billion acquisition of Veritas from Symantec Corp. (Nasdaq: SYMC). Symantec’s board of directors expects to return $4 billion in accelerated share repurchases and additional capital return to shareholders by the end of March 2017, Symantec …

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Symantec, Carlyle Group Modify Proposed Veritas Deal’s Value, Terms

The Carlyle Group (Nasdaq: CG) will pay $7.4 billion to acquire Symantec (Nasdaq: SYMC) subsidiary Veritas under amended financial terms of a proposed acquisition deal the parties expect to close Jan. 29. Symantec and Carlyle previously announced an $8 billion purchase price for the data management business. Michael Brown, Symantec president and CEO, …

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