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ACCESSWIRE
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Active-Investors: Wired News – General Dynamics Acquires CSRA

Stock Monitor: CSRA Inc. Post Earnings Reporting

LONDON, UK / ACCESSWIRE / February 14, 2018 / Active-Investors.com has just released a free research report on General Dynamics Corp. (NYSE: GD). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=GD as the Company's latest news hit the wire. On February 12, 2018, the Company, which is a global aerospace and defense Company, announced that it has inked an agreement to acquire CSRA Inc. (NYSE: CSRA), a government IT Company, for approximately $6.8 billion in cash plus $2.8 billion in debt. Register today and get access to over 1000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, General Dynamics and CSRA Inc. most recent news is on our radar >and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=GD

www.active-investors.com/registration-sg/?symbol=CSRA

Details of the Deal

  • 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. The tender offer is subject to customary conditions, including antitrust clearance and the tender of a majority of the outstanding shares of CSRA's common stock.
  • Following the completion of the tender offer, General Dynamics will acquire all remaining shares not tendered in the offer through a merger at the same price as in the tender offer.
  • General Dynamics plans to fund the acquisition via available cash and new debt financing.
  • The transaction, expected to close in the first half of 2018, has been unanimously approved by the Board of Directors of both Companies.
  • Stone Key Group, LLC served as exclusive financial advisor, and Jenner & Block LLP served as legal counsel to General Dynamics. Evercore and Macquarie Capital served as financial advisors, and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to CSRA.
  • General Dynamics expects the transaction to be accretive to GAAP earnings per share and to free cash flow per share in 2019. The transaction is also expected to generate estimated annual pre-tax cost savings of 2% of the combined sales by 2020.
  • A robust cash flow for the reduction of debt from the transaction allows General Dynamics for rapid deleveraging and maintaining capital deployment flexibility.

As per reports, post announcement of the news, shares of CSRA soared 31% in midday trading.

Acquisition will Help General Dynamics Provide Cost-Effective Internet Technology Solutions

Phebe Novakovic, Chairman and Chief Executive Officer (CEO) of General Dynamics, mentioned that the acquisition of CSRA represents a significant strategic step in expanding the capabilities and customer base of GDIT. General Dynamics sees substantial opportunities to provide cost-effective IT solutions and services to the Department of Defense, the intelligence community, and federal civilian agencies. Novakovic added that the combination enables GDIT to grow revenue and profits at an accelerated rate. It will allow the Company to deliver even more innovative, leading-edge solutions to its customers.

Novakovic further stated that this combination brings together two industry leaders with highly complementary capabilities to create a strong business with approximately $9.9 billion in revenue and double-digit EBITDA margins in the consolidating Government Technology Services sector.

About General Dynamics Corp.

Founded in 1952 and headquartered in Falls Church, Virginia, General Dynamics is a global aerospace and defense Company. The Company's broad portfolio of products and services includes business aviation; combat vehicles, weapons systems, and munitions; C4ISR and IT solutions; and shipbuilding.

About General Dynamics Information Technology (GDIT)

Headquartered in Fairfax, Virginia, GDIT provides information technology, systems engineering, professional services, and simulation and training to customers in the defense, federal civilian government, health, homeland security, intelligence, state and local government, and commercial sectors.

About CSRA Inc.

CSRA brings together government IT professionals, emerging technologies, and the brightest, cutting-edge advisors in the industry. Headquartered in Falls Church, Virginia, the Company was formed through the combination of CSC's North American Public-Sector business and SRA International in 2015.

Stock Performance Snapshot

February 13, 2018 - At Tuesday's closing bell, General Dynamics' stock climbed 1.09%, ending the trading session at $211.81.

Volume traded for the day: 2.53 million shares, which was above the 3-month average volume of 1.49 million shares.

Stock performance in the last month - up 0.58%; previous three-month period - up 6.03%; past twelve-month period - up 13.51%; and year-to-date - up 4.11%

After yesterday's close, General Dynamics' market cap was at $61.44 billion.

Price to Earnings (P/E) ratio was at 22.17.

The stock has a dividend yield of 1.59%.

The stock is part of the Industrial Goods sector, categorized under the Aerospace/Defense Products & Services industry. This sector was up 0.2% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

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A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

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This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

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SOURCE: Active-Investors

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