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Tag Archives: M&A Activity

Rakesh Sharma: Ultra Electronics to Buy Kratos Division in EW Market Push

Britain-based conglomerate Ultra Electronics has agreed to purchase Kratos Defense & Security Solutions‘ electronic products division for up to $265 million in cash in order to push further into the electronic warfare market. Ultra said Monday Kratos will receive $260 million upfront and up to $5 million in potential additional payments under the …

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Joe Quaglia: Tech Data Adds to Data Center Portfolio with STG Acquisition

Tech Data Corp. (Nasdaq: TECD) has agreed to buy data center and information technology services company Signature Technology Group for an undisclosed amount. Joe Quaglia, president of the Americas markets business at Tech Data, said Wednesday the company seeks to diversify its data center portfolio and create value for clients …

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Thomas Kennedy: Raytheon-Websense JV to Offer Cyber Defense Tools for Commercial Sector

Raytheon (NYSE: RTN) has closed its transaction with Vista Equity Partners to establish a data security firm comprising of Raytheon’s cyber product line and Vista’s security technology business Websense. The Austin, Texas-based venture, led by John McCormack, will operate as Raytheon|Websense and plans to launch a new brand identity once …

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Michael Strianese: L-3 Wraps Up Marine Systems Business Sale

Wartsila Corp. has completed its acquisition of L-3 Communications‘ (NYSE: LLL) Marine Systems International business for approximately $324 million. Michael Strianese, L-3 chairman, president and CEO, said Friday the company aims to reshape its portfolio and focus on core business areas. “We continue to evaluate additional portfolio-shaping opportunities that strengthen …

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William Brown: Harris Closes ‘Transformative’ $4.75B Buy of Exelis

Harris Corp. (NYSE: HRS) has closed its $4.75 billion cash-and-stock acquisition of Exelis nearly three months after the companies announced the transaction, which sees Harris shareholders own 85 percent and Exelis shareholders hold 15 percent in the combined company. “The Exelis acquisition is transformative… and marks a major milestone in Harris’ …

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EMC Signs $1.2B Cash Deal to Buy Virtustream

EMC (NYSE: EMC) has agreed to purchase Virtustream for approximately $1.2 billion cash in a bid to help enterprise clients migrate to cloud-based information technology systems. The companies expect to close the transaction in the third quarter of 2015 and Virtustream, led by Rodney Rogers, will operate as a managed …

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Exelis Shareholders OK Harris’ Acquisition Offer, DOJ Clears Transaction

Harris Corp.’s (NYSE: HRS) pending acquisition of Exelis (NYSE: XLS) for almost $4.75 billion in cash and stock has moved forward after Exelis’ shareholders voted to approve the transaction and the Justice Department cleared the deal under antitrust law. Exelis said Friday both companies expect the transaction to close May 29, pending other closing …

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Report: UTC in Talks With Potential Sikorsky Buyers

United Technologies Corp. (NYSE: UTX) has begun discussions with other companies about a potential sale of UTC’s Sikorsky Aircraft subsidiary, the Wall Street Journal reported Tuesday. Citing several sources, Dana Mattioli and Ted Mann write that Airbus Group, Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) are considering making offers …

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Justin Lanning: Xerox Seeks Health IT Business Growth Through HCI Purchase

Xerox (NYSE: XRX) has acquired healthcare information technology software-as-a-service company Healthy Communities Institute for an undisclosed amount. The companies seek to integrate HCI’s cloud-based SaaS platform and an analytics technology from Xerox’s healthcare subsidiary Midas+, Xerox said Monday. Justin Lanning, senior vice president and managing director of Midas+, said the …

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Liam Walsh: KPMG Wraps Up Beacon Purchase

KPMG LLP has closed its purchase of Beacon Partners to add clinical management and technology consulting offerings to KPMG’s healthcare advisory services portfolio. “We seek to provide our clients with additional expertise in electronic health records implementation and optimization services, ” Liam Walsh, KPMG’s U.S. advisory industry leader for the …

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