Government Matters Logo
Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages
John Song, managing director at Baird, discusses CACI’s failed bid to purchase federal I.T. firm CSRA, and what this means for the standing offer from General Dynamics. Last month, General […]

John Song, managing director at Baird, discusses CACI’s failed bid to purchase federal I.T. firm CSRA, and what this means for the standing offer from General Dynamics.


Last month, General Dynamics announced it was purchasing I.T. firm CSRA for $40.75 per share. However, over the weekend CACI proposed a counter offer: $44 a share. This offer was quickly rebuffed by CSRA, who are still working towards the General Dynamics deal. Nextgov reports that in the most recent purchase agreement, General Dynamics will now pay 41.25 per share for the firm, valuing it at $9.7 billion. “It was ultimately a risk/reward choice they had to make,” said John Song, managing director at Baird.  “So, they had an offer that’s slightly lower with General Dynamics, but it’s an all-cash offer. With CACI, they tried to entice them with a little bit of cash, but also their stock as currency to do the deal. Sort of, trying to sell them on that there’s value creation in the longer term for them to capture together. Unfortunately for CACI, that didn’t pan out the way that they hoped.”

Share This
Where to Watch
  • WJLA 24/7 News
    Weeknights at 8 PM and 11 PM on WJLA 24/7
  • ABC7
    Sunday Mornings at 10:30 AM on ABC7
  • AFN American Forces Network
    Worldwide on American Forces Network
Sponsored

Agency in Motion: DHS

Watch on Tuesday, June 2nd at 8:30 p.m. and 11:30 p.m. on WJLA 24/7 News
More
May 2020
M T W T F S S
« Apr    
 123
45678910
11121314151617
18192021222324
25262728293031
Our Brands
  • Government Matters Logo
  • Government Matters Defense
  • Government Matters Thought Leadership Network