Stay updated with breaking news from Bradley Feldmann. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Looking for the latest Government Contracting News? Check out our story: Israel-Based Edgybees Unveils US Entity to Offer Georegistration Software to
Veritas Capital and Evergreen Coast Capital, an affiliate of Elliott Investment Management, have agreed to acquire Cubic (NYSE: CUB) for approximately $2.8 billion, or $70 in cash per share. The all-cash transaction includes the assumption of debt and is expected to be finalized during the second quarter of 2021, subject to regulatory clearances, shareholder approval and other customary closing conditions.
Cubic Corp to become private business 09 February 2021 by Marc Selinger American private equity firms Veritas Capital and Evergreen Coast Capital have agreed to acquire US-based Cubic Corporation in a USD2.8 billion deal that will convert the publicly traded company into a private entity, Cubic announced on 8 February. Cubic is based in San Diego, California. (Credit: Cubic) Ramzi Musallam, CEO and managing partner of Veritas, said his firm plans to use its expertise in the government technology market to “accelerate product development and drive growth” at Cubic, which works in defence a...
Private Equity firms Veritas and Evergreen Coast will take the company private; headquarters to remain in San Diego