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Tag Archives: Morgan Stanley & Co.

Harris, L3 to Merge in All-Stock Transaction; Christopher Kubasik, William Brown Quoted

L3 Technologies (NYSE: LLL) and Harris (NYSE: HRS) have agreed to merge in an all-stock deal that will establish the country’s sixth largest defense technology company serving government and industry clients across more than 100 countries. The combined company will operate as L3 Harris Technologies in Melbourne, Fla., upon the deal’s …

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Tom Reilly: Cloudera-Hortonworks Merger Aims to Help Enterprises Work Across All Cloud Providers

Tom Reilly, CEO of Cloudera (NYSE: CLDR), told CNBC in an interview that aired Friday the proposed merger of the Palo Alto, Calif.-based software firm with Hortonworks (Nasdaq: HDP) will create a new company that will deliver software across all major cloud service providers. “We work on Amazon, Microsoft, Google, the IBM Cloud, …

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Veritas Capital to Buy PwC’s US Public Sector Business

Veritas Capital has agreed to purchase the U.S. public sector business of PwC for an undisclosed sum. Veritas said Wednesday it will rename and run the business as an independent company once it finalizes the transaction and completes regulatory approvals and other customary closing conditions. The U.S. public sector business will …

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UTC Proposes $30B Deal for Rockwell Collins in Aerospace Market Push; Greg Hayes Comments

United Technologies Corp. (NYSE: UTX) has agreed to purchase Cedar Rapids, Iowa-based avionics contractor Rockwell Collins (NYSE: COL) through an estimated $30 billion transaction in a move to establish a new aerospace systems supplier that will work to meet the evolving needs of global clients. Farmington, Connecticut-based conglomerate UTC said Monday it will pay …

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Jacobs to Purchase CH2M in Potential $3.27B Deal

Jacobs Engineering Group (NYSE: JEC) has agreed to buy CH2M through an estimated $3.27 billion transaction as both companies aim to deliver additional infrastructure and engineering services to government and private sector clients. Dallas, Texas-based Jacobs said Wednesday it will pay $2.85 billion in cash and stock for CH2M and assume …

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McAfee Relaunches as Independent Security Company

McAfee has officially launched as a stand-alone cybersecurity firm after Intel (Nasdaq: INTC) completed the spinoff of the latter’s security business through an approximately $4.2 billion deal with private equity firm TPG. Chris Young, a senior vice president and general manager at Intel, will serve as CEO of McAfee and Bryan Taylor, a partner …

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Carlyle Group Reduces Booz Allen Ownership Stake to 11.3%

The Carlyle Group (Nasdaq: CG) has cut its ownership stake in Booz Allen Hamilton (NYSE: BAH) to 11.3 percent after the private equity firm sold 13 million shares to Morgan Stanley & Co. for $377.13 million. Booz Allen said Monday the transaction is valued at $29.01 per share and the sale will close by …

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