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Tag Archives: M&A Activity

Engility Inks $1B Deal for TASC, Tony Smeraglinolo to Retain CEO Title

Engineering and technical services contractor Engility Holdings (NYSE: EGL) has agreed to purchase professional services provider TASC for $1.1 billion in stock. Both Chantilly, Virginia-based companies said Tuesday they expect to close the deal in the first quarter of 2015, pending votes from both sets of shareholders and regulatory approvals. Engility expects the deal to increase …

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FCC Approves Level 3’s Buy of TW Telecom, Shareholder Votes Set for Tuesday

The Federal Communications Commission has approved Level 3 Communications‘ (NYSE: LVLT) proposed $5.3 billion acquisition of business phone and Internet service provider tw telecom (NASDAQ: TWTC). Level 3 announced the receipt of the approval Friday and the transaction is subject to the approval of stockholders from both companies. According to the …

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IBM to Shed Semiconductor Business in $1B Deal With Globalfoundries

IBM (NYSE: IBM) has agreed to sell its global commercial semiconductor technology business to Santa Clara, California-based computer chip manufacturer Globalfoundries for $1.5 billion, which would be paid to IBM over the next three years. The companies said Monday that the deal also includes an agreement for Globalfoundries to serve as IBM’s …

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AECOM Closes $4B Buy of URS Corp. in Energy, Gov’t Services Market Push

AECOM Technology Corp. (NYSE: ACM) has closed its estimated $4 billion purchase of San Francisco-based engineering and construction services firm URS Corp. after shareholders at URS approved the transaction Thursday. Los Angeles-based AECOM announced the completion of the deal Friday and said it planned to pursue growth in the oil and …

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Exelon-Pepco Merger Gets Green Light From Virginia State Corporation Commission

Exelon Corp. and Pepco Holdings have received approval from the Virginia State Corporation Commission to move forward on the the companies’ proposed $7 billion merger agreement they announced in April. Pepco Holdings owns transmission infrastructure in Virginia and previously offered power to distribution customers in Virginia through the Delmarva Power and Pepco utilities, …

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Nancy Collins: Xerox Seeks Public Sector Case Mgmt Growth Through Consilience Buy

Xerox (NYSE: XRX) has purchased Austin, Texas-based case management and workflow automation software provider Consilience Software for an undisclosed amount. Eleven U.S. states, seven U.S. cities and two states in Australia use Consilience’s web-based and cloud-built Maven tool to manage information through the use of data and process agencies, Xerox said Friday. …

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AECOM Signs $4B Deal to Buy URS Corp

Engineering design and infrastructure services firm AECOM has agreed to buy URS Corp. (NYSE: URS) for approximately $4 billion in cash and stock, or $56.31 per share, the companies said Sunday. AECOM will also assume URS’ debt and expects to close the acquisition in October, pending regulatory approvals and approval by …

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The SI Org Closes Potential $215M Purchase of QinetiQ NA’s Services Arm

QinetiQ confirmed Tuesday that it has completed the sale of its U.S.-based services division to The SI Organization, a little more than a month after regulatory and shareholder approvals were met. The SI Organization has made an initial payment of $165 million for QinetiQ North America‘s services group and could …

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Thales to Acquire Alcatel-Lucent’s Cybersecurity, Comms Security Business; Jean-Bernard Lévy Comments

Thales has agreed to acquire the cybersecurity and communications security business of Alcatel–Lucent in a move to jointly offer network security products and services. Alcatel-Lucent will transfer its network security assets to Thales in order to grow its commercial proposition in cybersecurity, Thales said Thursday. “This investment responds to the growing ambition of Thales …

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Exelon Signs $7B Cash Deal to Buy Pepco; Chris Crane Comments

Chicago-based energy producer and distributor Exelon Corp. (NYSE: EXC) has agreed to buy the parent company of mid-Atlantic regional electricity and gas provider Pepco for approximately $6.8 billion in cash, or $27.25 per share. The companies expect the transaction to close in either the second or third quarter of 2015 …

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