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Tag Archives: M&A Activity

Meggitt Signs $200M Deal to Acquire Cobham’s Advanced Composites Business

Cobham has agreed to sell its advanced composites business to British aerospace equipment manufacturer Meggitt for $200 million cash, MarketWatch reported Monday. Ed Ballard writes the business posted $81.1 million in sales during 2014 and offers exhaust flaps, air-to-air refueling systems and other aircraft structures to U.S. and British customers. …

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Kent Statler: Rockwell Collins Makes SATCOM Market Push Through ICG Acquisition

Rockwell Collins (NYSE: COL) has bought satellite-based data and voice communications technology firm International Communications Group for $50 million upfront plus up to $14 million in additional consideration. Kent Statler, executive vice president and chief operating officer of Rockwell’s commercial systems business, said Thursday the company plans to add ICG’s SATCOM …

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Re/code: EMC, VMware Mull Downstream Merger

EMC (NYSE: EMC) is examining the possibility of being acquired by VMware (NYSE: VMW), wherein EMC holds a majority stake, Re/code reported Wednesday. Arik Hesseldahl writes the idea of a downstream merger between the two companies came as EMC reviews strategic options and faces pressure from activist investor Elliott Management. …

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Derek Schoettle: IBM Eyes Cloud Data Service Expansion Through Compose Purchase

IBM (NYSE: IBM) has acquired database-as-a-service company Compose for an undisclosed amount to help further the development of cloud-based mobile and web applications. “Compose’s breadth of database offerings will expand IBM’s Bluemix platform for the many app developers seeking production-ready databases built on open source, ” Derek Schoettle, general manager …

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Eileen Drake: Aerojet Rocketdyne Sells Energy Portfolio to Gas Technology Institute

The Gas Technology Institute has bought the energy assets of Aerojet Rocketdyne (NYSE: AJRD) with the intent to accelerate the development of energy efficiency products for government and commercial sectors. Eileen Drake, Aerojet Rocketdyne president and CEO, said Monday the company decided to divest its energy business to focus on the …

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Lockheed to Explore IT Business Separation, Inks $9B Deal for Helicopter Maker Sikorsky

Lockheed Martin (NYSE: LMT) will examine a potential separation of its government information technology and technical services business components and has agreed to purchase helicopter manufacturing business Sikorsky Aircraft from United Technologies Corp. for approximately $9 billion. Lockheed announced both moves Monday and said its IT business segment review will look at whether to spin off or …

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Neal Creighton: CounterTack Buys ManTech Commercial Cyber Division in Endpoint Security Push

CounterTack moved to grow its endpoint threat detection and response technology offerings with the acquisition of ManTech International‘s (Nasdaq: MANT) commercial sector-focused cybersecurity software division — ManTech Cyber Solutions International. ManTech will own an equity stake in CounterTack and be the endpoint security company’s global distribution partner as part of the …

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Larry Hill: Radiant Group Adds Data Analytics Tool With HumanGeo Buy

The Radiant Group has bought data analytics and open-source software development company HumanGeo through a cash-and-stock transaction. Terms were not disclosed and Radiant Group CEO Larry Hill said Monday the company wants to use HumanGeo’s data analytics technology to help government organizations in their mission areas. Al Di Leonardo will …

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Centene to Buy Health Net for $6.3B in Cash, Stock; Michael Neidorff Comments

St. Louis-based health insurer Centene (NYSE: CNC) has agreed to purchase managed healthcare services contractor Health Net (NYSE: HNT) for $6.3 billion in cash and stock and will also assume $500 million in debt. Centene said Thursday the price of the deal is $78.57 per share, which represents a premium of 21 percent over the …

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Atos Closes Xerox IT Outsourcing Business Buy

France-based digital services firm Atos has completed its purchase of Xerox‘s (NYSE: XRX) information technology outsourcing services portfolio. Xerox said Tuesday it wants to concentrate on the business process outsourcing and document outsourcing markets following the sale. Atos disclosed in late 2014 that the transaction includes a $1.05 billion upfront …

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