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Tag Archives: merger

IBM-Red Hat Merger Receives EU Approval

IBM (NYSE: IBM) has secured unconditional approval from the European Commission for its proposed acquisition of Red Hat (NYSE: RHT) for $34B cash, nearly two months after the U.S. Department of Justice cleared the transaction. The commission said Thursday the merger, which both companies first announced in October 2018, would not put market competition at risk.

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L3, Harris Shareholders OK All-Stock Merger Deal; Christopher Kubasik, William Brown Quoted

Stockholders at L3 Technologies (NYSE: LLL) and Harris (NYSE: HRS) approved during their respective meetings Thursday the proposals needed to close the proposed merger of the companies. “This vote represents a key milestone in our merger process,” Christopher Kubasik, L3 chairman, president and CEO, said in a statement published Thursday. …

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Lexipol-Praetorian Digital Combination Eyes Public Safety, Local Gov’t Markets; Alex Ford Quoted

Lexipol and Praetorian Digital have merged with the intent to build a single platform for public safety and local government customers to access training, education and policy resources. The combined entity will offer a repository of more than 4K training programs, 16K policies and processes, 200K reports and articles to public …

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Perspecta Begins Trading on NYSE as Independent Firm Under CEO Mac Curtis

Perspecta has begun to trade under the ticker symbol “PRSP” on the New York Stock Exchange after it finalized its separation from DXC Technology (NYSE: DXC) and subsequent merger with Vencore and KeyPoint Government Solutions. The independent publicly traded combined company has 14,000 employees and $4.2 billion in pro-forma revenues, Perspecta said Friday. …

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CRN: DXC Technology’s Senior Management Team Draws From Both CSC, HPE Services Segment

Executives from Computer Sciences Corp. (NYSE: CSC) and Hewlett Packard Enterprise‘s (NYSE: HPE) enterprise services segment have been named to vice president and director roles at the future merged CSC-HPE ES company that will operate as DXC Technology when it debuts April 3, CRN reported. Michael Novinson writes CSC and HPE tapped Chicago-based executive search firm …

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Kingswood Closes Versar Acquisition, Names New CEO for Project Mgmt Firm

Versar has gone private after the close of its acquisition by an affiliate of investment firm Kingswood Capital Management via a tender offer of $0.15 per outstanding share and a second-step merger. The formerly publicly traded project management company said Tuesday the new capital structure serves to build on its long-term strategic goals. …

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