Science Applications Int'l (SAIC) Tops Q2 EPS by 14c, Revenues In-Line
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Go back to Science Applications Int'l (SAIC) Tops Q2 EPS by 14c, Revenues In-Line
September 11, 2018 7:37 AM EDT
Vertical Research Partners analyst Krishna Sinha downgraded Science Applications (NYSE: SAIC) from Buy to Hold with a price target of $80.00 after the company agreed to acquire EGL, paying 14.4x consensus EBITDA.
The analyst EGL portfolio seems low quality, growth already on the... More
September 10, 2018 7:17 AM EDT
Science Applications International Corp. (NYSE: SAIC) and Engility Holdings Inc., (NYSE: EGL) today announced that they have entered into a definitive agreement under which SAIC will acquire Engility in an all-stock transaction valued at $2.5 billion ($2.25 billion net of the present value of tax assets), creating the second largest independent technology integrator in government services with $6.5 billion of pro-forma last 12 months revenue.
The combination of these two complementary businesses will accelerate SAICs growth strategy into key markets, enhance its competitive position and provide significant financial benefits.
The highly complementary... More
September 10, 2018 7:08 AM EDT
Science Applications Int'l (NYSE: SAIC) to buy Engility Holdings (NYSE: EGL) for $1.5 billion in stock - Reuters
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