General Dynamics Buys IT Solutions Biz In $9.6B Deal

Law360 (February 12, 2018, 12:58 PM EST) -- General Dynamics has agreed to absorb CSRA Inc. in a deal with an enterprise value of $9.6 billion, adding a business that provides IT services for federal customers to the defense giant’s portfolio, the companies announced Monday.

Under the terms of the transaction, a General Dynamics subsidiary will acquire CSRA through a cash tender offer to buy all of the outstanding shares of CSRA common stock for $40.75 apiece. The deal is valued at $9.6 billion, including the assumption of $2.8 billion in CSRA debt....
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