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Tag Archives: M&A Activity

Reuters: Finmeccanica Taps US Investment Bank to Help Offer DRS Pieces for Sale

U.S. investment bank Jefferies Group LLC will send out invitations next week in an effort to seek out potential offers for selected business units of U.S. defense contractor DRS Technologies, Reuters reported Tuesday. Pamela Barbaglia and Mike Stone report that Italian conglomerate Finmeccanica, DRS’ owners, have identified its aviation and logistics …

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Engility Closes TASC Purchase

Engility Holdings (NYSE: EGL) has closed its $1.3 billion all-stock purchase of TASC to create a company with more than 10, 000 employees and approximately $2.5 billion in revenue based on 2014 figures, the companies said Thursday. Engility expects the transaction to increase its earnings per share starting in 2016 after adjustments …

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Engility Shareholders OK TASC Deal, Transaction Set to Close Thursday

Shareholders at Engility Holdings (NYSE: EGL) voted Monday to approve the company’s $1.1 billion all-stock acquisition of TASC and the companies have now set the transaction’s closure date for Thursday. Engility said Monday that nearly 99 percent of the outstanding shares represented at the meeting voted to move forward with the …

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Orbital Sciences Closes Merger with ATK’s Aerospace, Defense Groups

Orbital Sciences (NYSE: ORB) has completed its merger with the aerospace and defense groups of ATK (NYSE: ATK) to create a new company that will operate as Orbital ATK. Orbital ATK will start “regular-way” trading on the New York Stock Exchange Tuesday under the ticker symbol “OA, ” Orbital and ATK said Tuesday. …

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Accenture to Purchase Agilex in Digital Services, Analytics Push

The U.S. federal subsidiary of Accenture (NYSE: ACN) has agreed to purchase Chantilly, Va.-based digital services provider Agilex for an undisclosed sum in an effort to expand offerings in analytics, cloud computing and mobility. Accenture Federal Services said Monday it also seeks to grow its agile delivery portfolio in the federal …

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Harris Signs Deal to Purchase Exelis for $4.75B in Cash, Stock

Melbourne, Fla.-based communications technology maker Harris Corp. (NYSE: HRS) has agreed to purchase defense electronics manufacturer Exelis (NYSE: XLS) in a cash-and-stock transaction with an enterprise value of $4.75 billion, or $23.75 per share, the companies said Friday. The price of the deal — Harris’ largest acquisition in company history — is …

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David Thompson: Orbital, ATK Set Feb. 9 Date to Close A&D Merger and Outdoor Group Spinoff

Both sets of stockholders Orbital Sciences (NYSE: ORB) and ATK (NYSE: ATK) voted Tuesday to approve the transaction that will see Orbital merge with ATK’s aerospace and defense groups. The merger is scheduled to close Feb. 9 and the combined company will trade as Orbital ATK under the stock ticker symbol “OA” …

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Raytheon Purchases Unmanned Tech Services Firm Sensintel; Taylor Lawrence Comments

Raytheon (NYSE: RTN) has purchased Tucson, Ariz.-based unmanned aircraft systems services firm Sensintel for an undisclosed sum and will integrate the company into Raytheon’s missile systems business. Taylor Lawrence, president of Raytheon’s missile systems segment, said Monday Sensintel will become a part of Raytheon’s advanced missile systems product line as Raytheon aims …

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Bridge Growth Partners Closes CRGT Purchase: Alok Singh Comments

New York City-based private equity firm Bridge Growth Partners has completed its acquisition of a majority ownership stake in data analytics and cybersecurity contractor CRGT from Veritas Capital. “The federal IT services sector represents fertile ground for agile software development, big data, and cybersecurity, ” Alok Singh, co‐founder and managing principal …

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Olivier Piou: Gemalto Closes SafeNet Acquisition for Enterprise, Cloud Security Strategy

Amsterdam-based online security firm Gemalto has closed its estimated $890 million cash acquisition of Maryland-headquartered enterprise data protection technology maker SafeNet from Vector Capital. Gemalto said Wednesday it will add SafeNet into the payment and identity segment and the purchase is primarily of platforms and services. Olivier Piou, Gemalto CEO, said the …

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