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Tag Archives: M&A Activity

L-3 Board OKs Engility Spinoff Stock Distribution; Michael Strianese Comments

L3 Communications’ (NYSE: LLL) board of directors has approved the distribution of the remaining shares of its Engility subsidiary to all of its shareholders. L-3 said every shareholder of record as of July 16 will receive one share of Engility for every six shares of L-3 stock. “Engility will now …

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Report: Dell Offers $2.3B For Quest Software, Competing Against Private Equity Firm

Dell (NYSE: DELL) has offered to buy enterprise management software maker Quest for $2.32 billion, Reuters reported on Monday. Dell is competing with a buyout group led by private equity firm Insight Venture Partners, which originally agreed to buy Quest in March for $23 per share. According to Reuters, Quest’s …

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Report: SAIC Shareholders Vote For Name Change, Elect CEO Jumper Chairman

SAIC Inc. (NYSE: SAI) shareholders approved an internal merger of its wholly owned subsidiary, Science Applications International Corp., with the holding company on June 15, the Washington Business Journal reports. According to Jill Aitoro‘s report, the company will now go by the long-hand version of the name, nearly six years …

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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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Northrop Eyes Expansion Through Australian Cyber Firm Buy; Wes Bush Comments

Northrop Grumman Corp. (NYSE: NOC) has agreed to acquire an Australian cybersecurity firm that works with military and intelligence organizations, Northrop announced Thursday. Northrop did not disclose terms of the transaction and said the acquisition is not material to its 2012 financial outlook. Chairman and CEO Wes Bush said in the release …

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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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Private Equity Firm Buys VT Services; David Dacquino Comments

An affiliate of The Jordan Company, a New York City-based private equity firm, has acquired U.S. defense contractor VT Services Inc. The companies did not provide financial information regarding the transaction in their joint statement. David Dacquino, CEO at VT, said his company will continue to provide life-cycle support to …

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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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General Dynamics To Buy Military, First Responder Broadband Firm IPWireless

General Dynamics (NYSE: GD) has agreed to acquire wireless broadband provider IPWireless Inc. in a cash transaction, General Dynamics announced Monday. The Falls Church, Va.-based defense contractor did not announce the value of the transaction and expects to complete the deal in the third quarter of 2012. IPWireless will be …

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