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Tag Archives: M&A Activity

Report: Boeing, Embraer Discussions Raise Questions on Brazilian Firm’s Ownership

Talks of a potential combination between Chicago-based Boeing (NYSE: BA) and Embraer have not addressed questions such as the possibility of a joint venture and control over the Brazil-based aircraft manufacturer, Reuters reported Tuesday. Sources told Reuters that a potential JV might not be an effective measure to meet Boeing’s interest …

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Kevin Phillips: ManTech Eyes IT Capability Expansion Via Targeted Acquisitions

Kevin Phillips, CEO of ManTech International (Nasdaq: MANT), has said the company plans to grow its key capabilities through targeted acquisitions that would help support key clients and venture into emerging information technology areas, Inside Defense reported Friday. “We made a conscious decision over the last four or five years that …

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DXC to Merge US Public Sector Business With Vencore, KeyPoint; Mac Curtis to Lead Combined Firm

DXC Technology (NYSE: DXC) has agreed to merge its U.S. public sector business with Vencore and KeyPoint Government Solutions to establish a “top five” independent, publicly traded contractor within the government information technology services sector. All three companies expect to complete the merger by the end of March 2018, subject to regulatory approvals …

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CRN: DXC Technology’s Senior Management Team Draws From Both CSC, HPE Services Segment

Executives from Computer Sciences Corp. (NYSE: CSC) and Hewlett Packard Enterprise‘s (NYSE: HPE) enterprise services segment have been named to vice president and director roles at the future merged CSC-HPE ES company that will operate as DXC Technology when it debuts April 3, CRN reported. Michael Novinson writes CSC and HPE tapped Chicago-based executive search firm …

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Jacobs Buys Blue Canopy to Further Digital Tech Strategy; Darren Kraabel Comments

Jacobs Engineering Group (NYSE: JEC) has purchased Reston, Virginia-based information technology services provider Blue Canopy for an undisclosed sum in a strategy to expand the former’s digital platforms offered under a connected enterprise framework. Jacobs said Thursday it aims to broaden the Jacobs Connected Enterprise framework’s digital systems designed to …

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HPE President Antonio Neri to Succeed Meg Whitman as CEO

Antonio Neri, president of Hewlett Packard Enterprise (NYSE: HPE), will succeed Meg Whitman as CEO of the Palo Alto, California-based technology company in a move that takes effect Feb. 1, 2018. Neri will also join the company’s board of directors as part of his promotion, HPE said Tuesday. Whitman, who will continue to …

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FTC Clears Merger of DXC’s US Public Sector Business With Vencore, KeyPoint

The Federal Trade Commission has given antitrust approval to DXC Technology (NYSE: DXC) to merge its U.S. public sector business with Vencore and KeyPoint Government Solutions. FTC issued Friday a notice of early termination of the required waiting period for the deal under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, DXC said Wednesday. DXC originally announced the …

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Mercury Eyes C4I Footprint Growth Through $180M Themis Buy

Mercury Systems (Nasdaq: MRCY) has agreed to purchase Themis Computer for approximately $180 million in cash in a move to expand its presence in the command, control, communications, computers and intelligence market. Andover, Massachusetts-based Mercury said Thursday it expects to complete the transaction in the third quarter of its fiscal 2018 ending …

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Boeing, Embraer Begin Merger Talks

Boeing (NYSE: BA) and aerospace conglomerate Embraer are in talks over a “possible combination.” Brazil-based Embraer said Thursday any deal that would emerge from the discussions would need to be approved by Embraer shareholders, both firms’ boards of directors, the Brazilian government and other regulatory authorities. Embraer added there is …

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Jacobs Closes $3.27B CH2M Purchase; Steve Demetriou Comments

Jacobs Engineering Group (NYSE: JEC) has concluded its approximately $3.27 billion purchase of CH2M through a cash-and-stock transaction in a move to establish a $15 billion combined firm that will provide infrastructure and professional services to government and commercial clients. Jacobs said Monday it plans to streamline its operating model through three …

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