By Reuters Staff
1 Min Read
(Reuters) - Perspecta Inc, a provider of IT services to government customers, has agreed to a $7.1 billion takeover over from Peraton, a defense contractor owned by private-equity firm Veritas Capital.
Shares of Perspecta surged nearly 10% to $28.76 in early trading and were trading slightly below the offer price of $29.35 per share.
The offer is at a premium of nearly 50% since a Bloomberg report in early November about the company weighing strategic options including sale.
Peraton provides intelligence, cyber, defense, homeland security and communications services to select federal agencies and commercial entities.
Veritas, which has focused on the government technology market, owns about 14.5% of Perspecta’s outstanding shares.