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Tag Archives: acquisition

Raytheon Obtains Regulatory Approvals to Close UTC Acquisition; Tom Kennedy, Greg Haynes Quoted

Raytheon and United Technologies Corporation have announced that the companies have received the necessary regulatory approvals for their all-stock merger of equals and expect to close the merger prior to the opening of trading on the New York Stock Exchange on Friday, April 3, 2020, Raytheon reported on Monday

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Serent Capital Sells Pondera Solutions to Thomson Reuters; David Kennedy, Stewart Lynn Quoted

Serent Capital has announced that its portfolio company, Pondera Solutions, a cloud-computing solution that combats fraud, waste, and abuse (FW&A) in government programs, has been acquired by Thomson Reuters, Serent announced on Friday.

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Space Force Maintains Industrial Activities in Calif Amid COVID-19

Space and Missile Systems Center, now part of the U.S. Space Force, approached California's state and local officials to maintain space technology production activities amid the coronavirus outbreak, Space News reported Wednesday. Lt. Gen. John Thompson, SMC's commander, said they had to sustain authorities' awareness of work being done in support of national defense.

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Spok Holdings Board of Directors Rejects B. Riley Acquisition Proposal; Royce Yudkoff Quoted

Spok Holdings has announced that its Board of Directors unanimously determined that the unsolicited and non-binding proposal from B. Riley Financial to acquire Spok for $12 per share in cash undervalues Spok and pursuing this transaction at this time was not in the best interest of the Company and its shareholders, the company reported on Wednesday

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Thomson Reuters Acquires Pondera Solutions to Advance Fraud Solutions; Steve Rubley, Jon Coss Quoted

Thomson Reuters has acquired Pondera Solutions, a leading provider of technology and advanced analytics to combat fraud, waste and abuse in healthcare and large government programs, Thomson Reuters announced on Thursday. Financial terms of the acquisition were not disclosed.

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Quantum Completes Acquisition of ActiveScale to Expand Object Storage Leadership; Jamie Lerner, Phil Bullinger

Quantum Corporation has completed its acquisition of the ActiveScale object storage business from Western Digital Technologies, Inc., a subsidiary of Western Digital Corp., to expand  Quantum's leadership role in storing and managing video, the company reported on Tuesday

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SAIC Closes $1.2B Acquisition of Unisys Federal Business; Nazzic Keene Quoted

Unisys Corporation has closed the sale of the company's U.S. Federal business to Science Applications International Corporation (SAIC), the company announced on Monday. Net proceeds have been expected to be used to pay down debt and reduce pension obligations and improve Unisys' balance sheet and cash flow profile.

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Julie Dunne, GSA’s Commissioner of Federal Acquisition Service, to Give Keynote Address at Potomac Officers Club’s 2020 Procurement Forum on March 19th

Julie Dunne, commissioner of federal acquisition service with General Services Administration (GSA), will serve as a keynote speaker during Potomac Officers Club’s 2020 Procurement Forum on Thursday, March 19th. Register here for POC’s 2020 Procurement Forum

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