Kohlberg Kravis Roberts

GREENWICH, Conn. and NEW YORK, Nov. 8 /PRNewswire/ -- An investor group led by General Atlantic LLC ("GA") and affiliates of Kohlberg Kravis Roberts & Co. ("KKR"), in partnership with the management team of TASC, Inc., ("TASC"), today announced a definitive agreement to acquire 100% of TASC from Northrop Grumman Corporation (NYSE: NOC) in a transaction valued at $1.65 billion. Founded in 1966, TASC today generates approximately $1.6 billion in revenue and has nearly 5,000 employees serving a range of intelligence, defense, and civil agencies. "Today's announcement is another major milestone in TASC's long history of leadership in serving the federal government and national security communities, and provides an exceptional foundation for our continued growth," said Wood Parker, TASC's General Manager and prospective President and CEO. "As a fully independent entity, TASC will expand its ability to solve the U.S. Government's most pressing technical challenges. Our singular focus ...

LOS ANGELES, Nov. 8 /PRNewswire-FirstCall/ -- Northrop Grumman Corporation (NYSE: NOC) has signed a definitive agreement to sell TASC, Inc., its advisory services business, for $1.65 billion in cash to an investor group led by General Atlantic LLC and affiliates of Kohlberg Kravis Roberts & Co. L.P. Completion of the transaction is subject to customary regulatory conditions including Hart-Scott-Rodino approval. The transaction is expected to close by year end. Northrop Grumman's board of directors separately authorized a $1.1 billion increase in the company's share repurchase program. At the end of the third quarter of 2009, approximately $280 million remained on the company's prior $2.5 billion share repurchase authorization. The company expects the sale to generate net cash proceeds, after taxes, of approximately $1.1 billion. Net proceeds will be used to repurchase shares of common stock, after which the transaction is expected to be neutral to Northrop Grumman's ...

SAN FRANCISCO, Nov. 5 /PRNewswire-FirstCall/ -- KKR Financial Holdings LLC (NYSE: KFN) ("KFN" or the "Company") today announced its results for the third quarter ended September 30, 2009. Third Quarter 2009 Highlights -- Net income for the third quarter ended September 30, 2009 of $67.2 million, or $0.42 per diluted common share, as compared to net income for the second quarter ended June 30, 2009 of $20.6 million, or $0.14 per diluted common share. -- As of quarter end, cash and cash equivalents totaled $125.9 million. -- Increase in book value per share from $5.69 per common share as of June 30, 2009 to $7.01 per common share as of September ...

PALO ALTO, Calif., Nov. 4 /PRNewswire/ -- Aricent(TM), a global innovation, technology and services company focused exclusively on communications, today announced that in a first-of-its-kind industry study on 'Global R&D Service Providers', Zinnov Management Consulting has ranked Aricent as the top global telecom R&D service provider. Founded in 2002, Zinnov - meaning Zeal in Innovation - is a leading management consulting company providing services in the area of Offshore Advisory, Market Expansion and Human Capital Optimization to Fortune 1000 companies. Zinnov works collectively with its clients to tackle prevailing organizational challenges by analyzing the changing dynamics, improving performance, and building institutional ...

SAN FRANCISCO, Oct. 28 /PRNewswire-FirstCall/ -- KKR Financial Holdings LLC (NYSE: KFN) announced today that it plans to release financial results for the third quarter ended September 30, 2009 on Thursday, November 5, 2009 following the close of trading on the New York Stock Exchange. A conference call to discuss the financial results will be hosted on ...