CACI will acquire outstanding L-3 National Security Solutions stockNews
December 08, 2015
ARLINGTON, Va. Officials at CACI International Inc. signed a definitive agreement to acquire outstanding L-3 National Security Solutions, Inc. stock for an estimated purchase price of $550 million.
Closing of the purchase is anticipated sometime in March 2016 after it undergoes regulatory approvals. It is expected to be accretive in CACI's Fiscal Year 2016, excluding one-time transaction expenses, and at least 10% accretive to both CACI's Fiscal Year 2017 GAAP and diluted adjusted earnings per share. The acquisition will expand CACI’s opportunities in its Enterprise IT and Intelligent Services, officials say.
L-3 National Security Solutions has its headquarters in Reston, Virginia and employs approximately 4,000 professionals around the world.
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