Tag Archives: M&A Activity

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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FTC Clears Engility-TASC Deal, Firms Eye 1Q 2015 for Closure

The Federal Trade Commission has given Engility Holdings (NYSE: EGL) the go-ahead to continue its estimated $1.1 billion all-stock acquisition of TASC. The FTC terminated the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and this move completes one of the conditions for the transaction’s closure, Engility said …

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Tom Ferrando: Bridge Growth Partners to Buy CRGT in Federal Market Expansion Push

New York City-based private equity firm Bridge Growth Partners has agreed to purchase majority ownership of federal software development and data analytics services contractor CRGT from an affiliate of Veritas Capital for an undisclosed sum. Bridge Growth said Wednesday that it expects to close the transaction by the end of the year …

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Marillyn Hewson: Lockheed Makes Federal Health IT Play With Buy of Systems Made Simple

Lockheed Martin (NYSE: LMT) has agreed to acquire Syracuse, New York-based health information technology services contractor Systems Made Simple for an undisclosed sum in a push to expand offerings in the federal health IT market. The companies expect to close the deal within 30 days and Systems Made Simple will …

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