John Ratigan, formerly CEO and president of ST Engineering’s iDirect Government subsidiary, has joined Comtech (Nasdaq: CMTL) as chief corporate development officer. He has over 30 years of leadership experience in the satellite communications and defense technology industry and will oversee the company’s strategic business growth initia...
Tim Winter, former vice president of global accounts and international defense at ST Engineering‘s iDirect subsidiary, has been appointed interim president of iDirect Government. The U.S. Navy veteran replaces John Ratigan, who has led iDirectGov for two decades and helped the satellite communications provider grow its government business, the...
Lockport, Louisiana-based Bollinger Shipyards has completed its purchase of two U.S. marine subsidiaries of ST Engineering North America in a transaction that expands its shipbuilding and repair capabilities in support of government and commercial clients. Bollinger said Monday it will bring into its portfolio the U.S. Coast Guard’s Polar Security...
Lockport, Louisiana-based Bollinger Shipyards has agreed to acquire two U.S. marine subsidiaries of ST Engineering North America as part of efforts to expand its ship construction and repair capabilities in support of defense and commercial clients. The acquisition of VT Halter Marine and ST Engineering Halter Marine Offshore is expected to close be...
Timothy “Tim” McBride, formerly a senior vice president at Raytheon Technologies (NYSE: RTX), will assume the role of president of Singapore-based ST Engineering’s U.S. arm on Nov. 1. He will oversee the operations of ST Engineering North America through the company’s headquarters in Alexandria, Virginia, the company said Monday. “Tim brin...
Singapore-based ST Engineering has agreed to acquire TransCore from Roper Technologies (NYSE: ROP) for $2.68 billion in cash. Nashville, Tennessee-based TransCore develops traffic management, tolling systems and related technologies for the transportation industry and is expected to record approximately $545 million in 2021 revenue, Roper said Sunda...
Stockholders at Cubic (NYSE: CUB) voted Tuesday to approve an amended buyout offer of Veritas Capital and Evergreen Coast Capital, an affiliate of Elliott Investment Management. Holders of approximately 70.3 percent of Cubic’s shares issued and outstanding as of March 18 voted in favor of the merger agreement, Cubic said Tuesday. In late March, Cu...
Cubic (NYSE: CUB) has agreed to be acquired by Veritas Capital and Evergreen Coast Capital, an affiliate of Elliott Investment Management, for approximately $3 billion, or $75 in cash per share under a revised proposal. The all-cash transaction includes the assumption of debt and Cubic said Wednesday its board considered the revised offer of Singapo...
Singapore-based ST Engineering decided to increase its offer to acquire Cubic (NYSE: CUB) from $76 to $78 in cash per share after Veritas Capital and a private-equity arm of Elliott Management raised their bid for the San Diego-based defense and transit technology company from $70 to $72 a share, The Wall Street Journal reported Monday....
Cubic (NYSE: CUB) has received an unsolicited offer from Singapore-based ST Engineering to buy the San Diego-based company’s outstanding stock for $76 in cash per share. Cubic said Monday the latest proposal would be “superior” to a buyout offer from Veritas Capital and Evergreen Coast Capital, an affiliate of Elliott Investment Manageme...
