Transaction Overview . GDIT is your place. General Dynamics has completed its acquisition of CSRA Inc. “General Dynamics (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: CSRA). Notify me of follow-up comments by email. FALLS CHURCH, Va. – General Dynamics and CSRA today announced that they have entered into a definitive agreement under which General Dynamics will acquire all outstanding shares of CSRA for $40.75 in cash. The transaction, valued at approximately $9.7 billion, is expected to be accretive to GAAP earnings per share and to free cash flow per share in 2019, and is expected to generate estimated annual pre-tax cost savings of approximately 2 percent of the combined company’s revenue by 2020.”, “CSRA is now part of General Dynamics Information Technology. The transaction, valued at approximately $9.7 billion, is expected to generate estimated annual pre-tax cost savings of approximately 2% of the combined company’s revenue by 2020. FALLS CHURCH, Va. – General Dynamics and CSRA today announced that they have entered into a definitive agreement under which General Dynamics will acquire all outstanding shares of CSRA for $40.75 in cash. FALLS CHURCH, Va. – General Dynamics and CSRA today announced that they have entered into a definitive agreement under which General Dynamics will acquire all outstanding shares of CSRA for $40.75 in cash. The transaction, valued at approximately $9.7 billion, is expected to generate estimated annual pre-tax cost savings of approximately 2% of the combined company’s revenue by 2020. CSRA is now part of General Dynamics Information Technology. Get the latest news and analysis in the stock market today, including national and world stock market news, business news, financial news and more General Dynamics (GD) offers products and services in business aviation, including combat vehicles, weapons systems, munitions and shipbuilding. FALLS CHURCH, Va. – General Dynamics (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: CSRA). Acquiring Organization: General Dynamics General Dynamics is a defense industry contractor for shipbuilding, marine, combat and defense systems and, munitions. FALLS CHURCH, Va. General Dynamics has completed its previously announced acquisition of IT provider CSRA. The transaction, valued at approximately $9.7 billion, is expected to be accretive to GAAP earnings per … If General Dynamics’ $9.7 billion acquisition of CSRA goes forward, the company will be the federal government’s largest technology services provider by a wide margin. CSRA is now officially a part of General Dynamics Information Technology. In mid-March, the once-private bidding war for CSRA came became public after CACI International announced a $7.2 billion cash-and-stock offer that sought to top General Dynamics’ … “As a result of the closing of the acquisition, General Dynamics intends to cause all shares of CSRA common stock to be delisted…” Read the full press release here. General Dynamics Corporation (GD) is an American aerospace and defense corporation. Advocates and Skeptics For CSRA’s part, the deal represents a positive outcome for stockholders. The transaction is valued at $9.6 billion, including the assumption of $2.8 billion in CSRA debt. FALLS CHURCH, Va. – General Dynamics (NYSE: GD) and CSRA (NYSE: CSRA) today announced that they have entered into a definitive agreement under which General Dynamics will acquire all outstanding shares of CSRA for $40.75 in cash. General Dynamics Expands IT Offerings with $9.6 billion CSRA Buy, (Source: Forecast International; issued Feb 12, 2018). /PRNewswire/ -- General Dynamics (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: CSRA). General Dynamics has acquired CSRA, a provider of technology and cybersecurity solutions for government. General Dynamics has completed its acquisition of CSRA. Overview. CSRA provides services in support of … “The acquisition of CSRA represents a significant strategic step in expanding the capabilities and customer base of GDIT,” said Phebe Novakovic, chairman and chief executive of General Dynamics. The company ranked No. CACI International said today it has purchased General Dynamics' Navy systems engineering business, which GD had acquired through its purchase of CSRA. The transaction is valued at approximately $9.7 billion. Jackie Gilbert is a Content Analyst for FedHealthIT. "The acquisition of CSRA represents … According to GD, the transaction is expected to add to GAAP earnings per share and to free cash flow per share next year. General Dynamics has completed its acquisition of CSRA Inc. “CSRA’s management team has created an outstanding provider of innovative, next-generation IT solutions with industry-leading margins. General Dynamics to Acquire CSRA for $9.6 Billion, (Source: General Dynamics; issued Feb 12, 2018). "The acquisition of CSRA represents a significant strategic step in expanding the capabilities and customer base of GFIT," said Phebe Novakovic, chairman and chief executive officer of General Dynamics. employees, and customers of the Falls Church, VA-based company, according to Larry Prior (pictured above), CEO and president of CSRA. CSRA sold its headquarters to Boston-based Marcus Partners, a real estate investment firm, for $33 million. CSRA's website says it will be acquired by General Dynamics. CSRA. General Dynamics believes this acquisition will help it to provide lower cost internet technology solutions. FALLS CHURCH, Va., April 3, 2018 /PRNewswire/ -- General Dynamics (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: CSRA). CSRA, the 39th largest defense contractor on the … The transaction is valued at approximately $9.7 billion. General Dynamics's $40.75-per-share cash offer represents a premium of 32 percent to CSRA stock's closing price on Friday. General Dynamics will acquire all outstanding shares in CSRA for $40.75 in a transaction valued at $9.6 billion, which includes the assumption of $2.8 billion in CSRA debt. “CSRA’s management team has created an outstanding provider of innovative, next-generation IT solutions with industry-leading margins. The transaction, valued at approximately $9.7 billion, is expected to be accretive to GAAP earnings per share and to free cash flow per share in 2019, and is expected to generate estimated annual pre-tax cost savings of approximately 2 percent of the combined company’s revenue by 2020.” The combined entity will be one of the largest players in the government technology market. General Dynamics has completed its acquisition of CSRA Inc. WASHINGTON ― Information technology specialist CACI has submitted an unsolicited proposal to CSRA to acquire all outstanding shares of the latter’s common stock, potentially disrupting up a $9.6 billion acquisition of CSRA by General Dynamics.. The transaction, valued at approximately $9.7 billion, is expected to be accretive to GAAP earnings per share and to free cash flow per share in 2019, and is expected to generate estimated annual pre-tax cost savings of approximately 2 percent of the combined company’s revenue by 2020. This combination creates a premier provider of high-tech IT solutions to the government IT market. CSRA will become a part of General Dynamics Information Technology, intending to create a premier high-tech IT provider for the government market. The transaction is valued at $9.6 billion, including the assumption of $2.8 billion in CSRA debt. Summary. A few weeks ago we highlighted Mohnish Pabrai’s S&P crushing Spinoff Portfolio. CTRL + SPACE for auto-complete. CSRA was formed through a merger of CSC's North American Public Sector business and SRA International (formerly Systems Research and Applications Corporation) on November 30, 2015, and the company began trading on the New York Stock Exchange under the stock symbol CSRA. The move comes after CSRA agreed last month to sell itself to General Dynamics, another defense contractor, for $40.75 per share in cash, as companies in the sector seek to position themselves for a pickup in government spending under U.S. President Donald Trump's administration. “CSRA’s management team has created an outstanding provider of innovative, next-generation IT solutions with industry-leading margins. The $6.8 billion deal hit a speed bump after CACI International intended to merge with CSRA in an attempt to knock General Dynamics out of the game. General Dynamics has completed its acquisition of CSRA Inc. CSRA is now officially a part of General Dynamics Information Technology. 92 in the 2019 Fortune 500 list of the largest United States corporations by total revenue. 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The transaction, valued at approximately $9.7 billion, is expected to be accretive to GAAP earnings per share and to free cash flow per share in 2019, and is expected to generate estimated annual pre-tax cost savings of approximately 2 percent of the combined company’s revenue by 2020. Source: General Dynamics Completes Acquisition of CSRA – April 3, 2018. Target Advisors: Evercore and Macquarie Capital. The transaction is valued at $9.6 billion, including the assumption of $2.8 billion in CSRA debt. Acquirer: General Dynamics (NYSE:GD) Target: CSRA (NYSE: CSRA) Estimated value: $9.6 Bn. This is General Dynamics’ biggest acquisition to date; the previous record-setter was 20 years ago, when General Dynamics purchased jet-maker Gulfstream. Acquired Organization: CSRA CSRA provides a range of IT solutions and professional services, including safety, health, and security to their customers. 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General Dynamics (NYSE: GD) said Monday it would acquire CSRA Inc. (NYSE: CSRA) for $6.8 billion in cash plus $2.8 billion in debt in a move that creates the … The transaction is valued at $9.6 billion. “CSRA’s management team has created an outstanding provider of innovative, next-generation IT solutions with industry-leading margins. The new business adds almost 1,000 employees to CACI, Ken Asbury, CACI's chief executive, said in a call with analysts today. The transaction, valued at approximately $9.7 billion, is expected to be accretive to GAAP earnings per … The acquisition of CSRA is General Dynamics' largest ever deal, easily eclipsing the $5.3bn the company paid for Gulfstream Aerospace Corporation in 1999. Apply now and own your career. On February 12, 2018, General Dynamics announced it was buying CSRA for about $9.6 billion. The transaction is valued at $9.6 billion, including the assumption of $2.8 billion in CSRA debt. In a move aimed at gaining even more critical mass in its information technology services, General Dynamics has agreed to acquire CSRA in a deal valued at $9.6 billion, including the assumption of $2.8 billion in CSRA debt. The acquisition was completed in April 2018. General Dynamics will acquire all outstanding shares of CSRA for $40.75 in cash. General Dynamics will acquire all outstanding shares of CSRA for $40.75 in cash. General Dynamics has completed its acquisition of CSRA Inc. April 02, 2018. As per the agreement terms, a subsidiary of General Dynamics will acquire all outstanding shares of CSRA's common stock for $40.75 per share in cash. 2020 FedHealthIT.com Digital Sponsorships Released! On Feb 12, 2018, global aerospace and defense giant General Dynamics announced its acquisition of CSRA, a leading government IT business providing next-generation technology solutions to federal customers. The proposal announced Sunday includes a combination of CACI common stock and cash, totaling $44 per share ($29 CACI stock, plus $15 cash). The potential deal comes a month after General Dynamics said it sought to swallow up CSRA for $6.8 billion cash and $2.8 billion debt. While the historical results were merely backtested, 2018 has gotten off to a tremendous start. General Dynamics and CSRA today announced that they have entered into a definitive agreement under which General Dynamics will acquire all outstanding shares of CSRA for $40.75 in cash. Save. General Dynamics has completed its acquisition of CSRA. WASHINGTON – General Dynamics has completed a roughly $9.7 billion acquisition of IT services giant CSRA. The transaction is valued at $9.6 billion. General Dynamics will buy all outstanding shares of CSRA for $40.75 in cash for a total of $9.6 billion. The transaction, valued at approximately $9.7 billion, is expected to be accretive to GAAP earnings per share and to free cash flow per share in 2019, and is expected to generate estimated annual pre-tax cost savings of approximately 2 percent of the combined … “The acquisition of CSRA represents a significant strategic step in expanding the capabilities and customer base of GDIT,” said Phebe Novakovic, chairman and chief executive officer of General Dynamics. Under the terms of the agreement, which has been unanimously approved by the boards of both companies, a subsidiary of General Dynamics will commence a … The acquisition, valued at approximately $9.7 billion, is expected to be accretive to GAAP earnings per share and to free cash flow per share in 2019. CSRA's shares jumped … FALLS CHURCH, Va., April 3, 2018 /PRNewswire/ -- General Dynamics (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: CSRA). General Dynamics says it plans to fund the transaction through a combination of available cash and new debt financing, and it anticipates retaining strong credit ratings with net debt of around $10.5 billion. The transaction, valued at approximately $9.7 billion, is... Resources The transaction is valued at $9.6 billion, including the assumption of $2.8 billion in CSRA … CSRA provides services… The transaction is valued at $9.6 billion, including the assumption of $2.8 billion in CSRA debt. * general dynamics corp - deal accretive to earnings and free cash flow per share in 2019 BRIEF-General Dynamics To Acquire CSRA For $9.6 Bln | Reuters Discover Thomson Reuters “General Dynamics (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: CSRA). Its acquisition of CSRA Inc in Reston, Fairfax County, Virginia price Friday... Nyse: GD ) has completed a roughly $ 9.7 billion acquisition of CSRA.... Corporations by total revenue CSRA is now officially a part of general (... 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