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Cubic Corp. (CUB) Announces Acquisition of XIO Strategies

January 4, 2011 7:03 AM EST
CUB Hot Sheet
Overall Analyst Rating:
    BUY (Up Up)

Dividend Yield: 0.5%
Cubic Corporation (NYSE: CUB) announced that they have entered into an agreement to acquire XIO Strategies, Inc.

Financial terms of the deal were not disclosed.

From the release: "Mary Ann Wagner, the founder, former President and CEO of XIO Strategies, will become President of Cubic Global Tracking Solutions (Cubic GTS), and will lead the combined entity from the new company headquarters in Vienna, Virginia."


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