/PRNewswire/ Fuse Integration, an innovative federal defense communications, networking and computing solutions provider, today announced from Sea-Air-Space.
Veritas Capital and its hedge fund partner offered more assurances than rival bidder
By Ross Wilkers
Apr 09, 2021
If we learned anything from the race to buy Cubic Corp., then it was how the defense and transportation company was not afraid to put the heat on both of its suitors when needed, but we also learned how deal structure and certainty can also be a deciding factor.
From Cubic’s standpoint, it worked out given how both bidders increased their offers at almost each turn in the competition. Private equity Veritas Capital and activist hedge fund Elliott Management (again) won out over their rival in Singapore Technologies Engineering.