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Tag Archives: M&A Activity

Cubic Buys NEK Special Ops Training Business for $52M; Jay Thomas Comments

Cubic Corp. (NYSE: CUB) has acquired the operating assets of NEK Special Programs Group LLC, the special operations training subsidiary of NEK Advanced Securities Group for $52 million cash. Cubic said the transaction closed Dec. 14 and Jim Balentine, president of Cubic’s mission support services business unit, will oversee the …

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Data Security Firm Buys PPC; Harry Thornsvard Comments

Global Analytical Information Technology Services Inc., an Albuquerque, N.M.-based computer security firm, acquired Project Performance Corp. and closed the transaction Friday. New Mexico Business Weekly reports terms of the deal were undisclosed and GAITS and PPC CEO Harry Thornsvard told the newspaper the combined company will take on the PPC name …

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Avnet Aiming for Defense, Aerospace Growth in USI Electronics Asset Buy; Ed Smith Comments

Electronic component distributor Avnet has agreed to buy all operating assets of military and aerospace semiconductor provider Universal Semiconductor Inc., known as USI Electronics. Avnet expects to close the transaction within 30 days and said it will immediately increase its earnings, supporting its return on capital goal of 12.5 percent. …

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Exelis Eyeing Air Traffic Expansion, Buying Australian Software Firm; Michael Wilson Comments

ITT Exelis (NYSE: XLS) has agreed to acquire Melbourne-based communications software provider C4i Pty Ltd. from the Longreach Group Limited for $16.8 million, Exelis announced Monday. Exelis said it expects to close the transaction during first quarter of 2013, pending both Longreach Group shareholder approval and regulatory approvals, and said the …

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GeoEye Shareholders OK DigitalGlobe Merger

Shareholders at GeoEye (NASDAQ: GEOY) voted at a special meeting Monday to approve the company’s $900 million merger with DigitalGlobe (NYSE: DGI). According to GeoEye, 98.3 percent of the shares voting at meeting voted in favor of the merger, representing 77.2 percent of that company’s total outstanding shares of common …

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CACI Completes Emergint Buy; Dan Allen, John Mengucci Comment

CACI International (NYSE: CACI) has completed its acquisition of healthcare information technology firm Emergint Technologies for an undisclosed amount. CACI said it aims for the acquisition to help grow its presence in the healthcare IT market. President and CEO Dan Allen said Emergint brings established relationships with federal health organizations …

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Report: France, Germany Talking New EADS Structure

Officials from France and Germany met with EADS and Daimler representatives in Paris over the weekend to discuss a new shareholder structure for EADS, according to Reuters. Citing German newspaper Allgemeine Zeitung, Reuters reports the discussions focused on setting a limit on state shareholdings in the aerospace and defense giant …

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