Tick tock: How Perspecta decided on its sale to Veritas -- Washington Technology

By Ross Wilkers
Feb 22, 2021
Roughly five months went by after Veritas Capital asked in July 2020 for a waiver from its agreement with Perspecta that governed how the private equity firm could try to buy the company.
The Perspecta board of directors granted Veritas that waiver on Jan. 6, though before that Veritas was able to give ranges of what it thought the government technology company was worth.
After Jan. 6, Veritas submitted three bids over the next 20 days and its final offer prevailed over a competing bid by unnamed government contractor in the final round, according to regulatory filings posted Friday.
The final offer by that contractor called “Company A” in the filing came in at $28.50 per share in cash and stock, while Veritas’ last and winning bid was $29.35 per share in all cash.

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