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Tag Archives: M&A Activity

GTSI, Unicom Merger Go-Shop Period Ends

Unicom Systems Inc.’s acquisition of GTSI Corp. appears set to go forward after the company did not accept any alternative offers over the last month, GTSI announced Monday. The firms agreed to a 30-day go-shop period, allowing GTSI to seek other proposals for 30 calendar days and continue negotiations with …

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CGI Plans $2.7B Buy Of UK IT Firm Logica

CGI Group Inc. (NYSE: GIB) plans to acquire England-based information technology firm Logica for nearly $2.7 billion cash, the company announced Thursday. CGI intends to close the acquisition by September and expects the acquisition to increase its earnings per share by between 25 and 30 percent, excluding acquisition-related and integration …

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IBM Completes Buy Of Big Data Firm Vivisimo

IBM (NYSE: IBM) completed its purchase of discovery and navigation software provider Vivisimo for an undisclosed amount, IBM announced Tuesday. Vivisimo has more than 140 customers in both the public and private sectors, including the U.S. Air Force, Navy Social Security Administration and the Defense Intelligence Agency. IBM said it …

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QinetiQ, Wyle, Kratos Form Army Weapon JV; George Prueitt Comments

QinetiQ North America, Wyle and Kratos Defense and Security Solutions (NASDAQ: KTOS) have formed a joint venture to pursue contracts with the Space and Missile Defense Command and the Army Forces Strategic Command, the Huntsville Times reports. The joint venture, QWK Integrated Solutions,  is a long-term engagement to develop warfighter solutions …

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IT Firm Unicom To Buy GTSI For $76M

Global information technology firm Unicom Systems Inc. will acquire GTSI Corp. (NASDAQ: GTSI) for approximately $76.67 million cash, or $7.75 per share. GTSI announced the per share value of the offer represents a 47.9 percent premium over GTSI’s Friday closing stock price of $5.24 and a 65.6 percent premium over …

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