By Ross Wilkers
Jan 27, 2021
The government IT and services market apparently wanted to get 2021 started with a true megadeal that involves one of the largest publicly-traded companies and a notable investor in that business.
Perspecta said Wednesday it has agreed to be acquired by private equity firm Veritas Capital for $7.1 billion in cash, or $29.35 per share. Veritas Capital already held 14.5 percent of Perspecta’s stock and earlier this month revealed that both parties had started some discussions about a potential transaction.
The deal is anticipated to close in the first half of this year. Perspecta's board of directors has approved the deal, which shareholders will get to vote on as well. But the story does not end there.