General Dynamics ups offer in battle for CSRA
Reuters
Published Mar 20, 2018 13:29
General Dynamics ups offer in battle for CSRA
(Reuters) - U.S. defence contractor General Dynamics (N:GD) said on Tuesday it had raised its offer for smaller sector peer CSRA Inc (N:CSRA) to $9.7 billion (6.93 billion pounds), including $2.8 billion in debt, as it strives to top CACI International Inc's (N:CACI) offer.
General Dynamics' raised offer under a merger agreement with CSRA's board, includes $41.25 per share in cash, an increase from the prior $40.75 per share, valued at $6.8 billion.
CACI has offered $44 per share in cash and stock.
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Written By: Reuters
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