Hello, Guest!
  • Sunday, November 17, 2024

Jacobs Concludes Tender Offer for KeyW Acquisition


Jacobs Engineering Group (NYSE: JEC) has concluded a tender offer to acquire all the outstanding shares of common stock of KeyW (Nasdaq: KEYW) for $11.25 per share in cash.

Jacobs said Tuesday the tender offer expired Tuesday and it expects to complete the purchase of all remaining shares on Wednesday, June 12.

The Dallas-based technical and construction services contractor is set to close a œshort-form merger since it now owns an adequate number of shares in KeyW due to the tender offer, which was launched in May through Jacobs™ Atom Acquisition Sub subsidiary.

Approximately 80 percent of KeyW™s outstanding shares were tendered as of the transaction’s expiration. Broadridge Corporate Issuer Solutions served as the depositary agent in the tender offer.

Jacobs announced in April that it agreed to acquire KeyW for $11.25 per share in cash, or approximately $815M, to expand its presence in the intelligence, surveillance and reconnaissance sector. KeyW will operate as a wholly owned indirect subsidiary of Jacobs upon the merger™s completion.

Video of the Day

Related Articles

RTX Books $344M Standard Missile Production Contract Contract Awards

RTX Books $344M Standard Missile Production Contract

Raytheon, a subsidiary of RTX (NYSE: RTX), has received a $344 million contract to build and deliver two Standard Missile variants with a common guidance section to U.S. and international military customers. The company said Thursday it will produce the SM-2 Block IIICU and SM-6 Block IU missiles on a common production line for the

VTG Acquires Digital Transformation Services Provider Vana Solutions; John Hassoun Quoted M&A Activity

VTG Acquires Digital Transformation Services Provider Vana Solutions; John Hassoun Quoted

VTG has moved to expand its portfolio of digital transformation platforms and cloud services for defense and intelligence community customers through its acquisition of Vana Solutions. Vana Solutions is a Dayton, Ohio-based company founded by Srujal Sheth and Sunit Sheth in 2005 and is focused on delivering cloud services, advanced analytics, data fabric platforms and

Kristen McLeod Promoted to Calibre Systems EVP, CFO Executive Moves

Kristen McLeod Promoted to Calibre Systems EVP, CFO

Kristen McLeod, most recently senior vice president of finance and accounting and controller at Calibre Systems, has assumed the roles of executive VP and chief financial officer at the Alexandria, Virginia-based management consulting and digital transformation company. In this capacity, she will serve as a corporate officer and fiscal strategist and continue to offer insights