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.