Stockholders of Perspecta (NYSE: PRSP) on Wednesday approved a proposal to be acquired by private equity firm Veritas Capital and be merged with its portfolio company Peraton.
Holders of majority of Perspecta’s shares issued and outstanding as of March 18 voted in favor of the merger agreement, the company said Wednesday.
With the approval, the proposed transaction is expected to be completed in the next few days.
In January, Veritas Capital agreed to buy Perspecta and combine it with Peraton in an all-cash transaction worth $7.1 billion, or $29.35 in cash per share, to form a government technology platforms provider focused on delivering end-to-end information technology capabilities and mission support to U.S. government clients.
The stockholders’ approval came days after Stu Shea, chairman, president and CEO at Peraton and a 2021 Wash100 winner, announced the leaders of the nine business sectors that will emerge from the upcoming Peraton-Perspecta combination.
