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Tag Archives: M&A Activity

BAE-EADS Merger Called Off

The proposed $45 billion merger between aerospace and defense giants BAE Systems and EADS has been called off, BBC News reports. The firms faced a 5 p.m. deadline Wednesday to decide on a way forward in negotiations, which likely would have involved a request to ask the U.K. government for …

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BAE-EADS CEOs to Review Merger Talk Progress as Wednesday Deadline Approaches

Ian King and Tom Enders, the respective CEOs of BAE Systems and EADS, are meeting Tuesday to review progress on a potential merger before making a decision on how to proceed, Bloomberg reports. Citing two sources familiar with the talks, Bloomberg reports the French and U.K. governments have agreed to …

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CSC Buys Big Data Analytics Firm 42Six; Sashi Reddi Comments

Computer Sciences Corp. (NYSE: CSC) has acquired a Maryland-based software developer that focuses on big data processing, analytics and advanced applications support for defense and intelligence customers. CSC did not disclose terms of its acquisition of 42Six Solutions in a release. “Data services and analytics capabilities are rapidly becoming essential …

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Report: EADS CEO Tom Enders Tells Employees BAE Merger Talks ‘Constructive’

Discussions with governments on a potential merger between BAE Systems and EADS have been constructive, EADS’ CEO has reportedly told employees. Bloomberg obtained a letter to EADS employees from CEO Tom Enders, where he said he was pleased with the progress of talks so far as the companies attempt to …

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ICF Buys Energy Analytics Tech Firm Assets; Sudhakar Kesavan Comments

ICF International (NASDAQ:ICFI) has purchased the assets of a Boulder, Colo.-based technology firm that makes an analytical platform for utilities to manage energy consumption and programs. ICF said it has hired seven employees from Symbiotic Engineering, who will continue development work on the cloud computing-based Sustainability Information Management System platform. …

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Nick Wakeman: If EADS Merger Closes, BAE May Shed $2B Intell Business

In a Thursday column for Washington Technology, editor Nick Wakeman explored potential implications should BAE Systems and EADS close on a deal to merge, with effects reverberating in Europe and the U.S. Wakeman reports a source told him BAE may have to sell its estimated $2 billion intelligence business to comply …

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Engility Realigns: John Heller to Head Operations, John Craddock Lead Customer Relationships

Engility Corp. (NYSE: EGL), which spun off from L-3 Communications (NYSE: LLL) into a standalone company in July,  announced Wednesday it is realigning into a central operating group with four business units. As of Jan. 1, 2013, the Chantilly, Va.-based contractor will operate units specializing in services for training and mission support, technology, …

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Report: BAE, EADS Combination Talks at ‘Advanced Stage’

BAE Systems and EADS are discussing a potential combination with talks at an advanced stage, Bloomberg reports. If the deal goes through, BAE would retain its independence to operate in the U.S. defense market, a source told Bloomberg. Linda Hudson, CEO of BAE’s U.S. subsidiary, recently said the potential of …

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AMERICAN SYSTEMS to Buy SAIC’s Testing Unit; Bill Hoover Comments

AMERICAN SYSTEMS has agreed to acquire SAIC Inc.’s (NYSE: SAI) testing and evaluation unit and expects to close the transaction by mid-October, AMERICAN SYSTEMS announced Thursday. SAIC announced last week it plans to complete a split into two independent, publicly-traded companies by the second half of fiscal year 2014. Close to 300 …

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GeoEye CEO Matt O’Connell: Budget Uncertainty Led to DigitalGlobe Merger

GeoEye‘s (NASDAQ: GEOY) decision to sign a merger agreement with DigitalGlobe (NYSE: DGI) was prompted by uncertainty over funding for a GeoEye contract with the National Geospatial-Intelligence Agency, GeoEye CEO Matt O’Connell told the Washington Business Journal. In an interview with reporter Jill Aitoro, O’Connell estimated the 10-year, $3.8 billion …

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