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CSRA Csra Inc.

41.23
0.00 (0.00%)
Pre Market
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Csra Inc. NYSE:CSRA NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 41.23 0.00 01:00:00

CACI Makes Bid for CSRA, Seeking to Break Up General Dynamics Deal for CSRA

18/03/2018 5:24pm

Dow Jones News


Csra Inc. (NYSE:CSRA)
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By Dana Mattioli and Doug Cameron 

CACI International Inc. has made a roughly $7.2 billion bid to buy CSRA Inc. in an attempt to break up the information-technology provider's sale to General Dynamics Corp.

CACI has offered $44 per share in cash and stock, according to a person familiar with the situation. That would top the $40.75-a-share all-cash deal CSRA agreed to last month with General Dynamics that has yet to close.

It isn't clear what CSRA's reaction to the bid is and whether CACI will ultimately prevail.

It would be a big bite for Arlington, Va.-based CACI, which has a market value of just under $4 billion even after its shares closed at an all-time high Friday. It could have a difficult time outgunning General Dynamics, a major aerospace-and-defense contractor with a market value of $66 billion.

Write to Dana Mattioli at dana.mattioli@wsj.com and Doug Cameron at doug.cameron@wsj.com

 

(END) Dow Jones Newswires

March 18, 2018 13:09 ET (17:09 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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