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Veritas Capital has closed its debut mid-market fund on its $1.8bn hard cap after just two months of fundraising.
The fu
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Perspecta Stockholders Approve Acquisition by Veritas Capital
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CHANTILLY, Va., May 5, 2021 /PRNewswire/ Perspecta Inc. (NYSE: PRSP) ( Perspecta or the Company ) today announced that, at a special meeting of stockholders held on May 5, 2021, the stockholders of the Company approved a proposal to adopt the merger agreement under which Peraton, a portfolio company of leading private investment firm Veritas Capital, will acquire the Company for $29.35 per share in cash.
The majority of shares of the Company s common stock issued and outstanding as of the close of business on March 18, 2021, the record date for the Special Meeting, voted to adopt the Merger Agreement. Perspecta will provide final vote results for the special meeting, as certified by the independent Inspector of Election, on a Form 8-K with the Securities and Exchange Commission.
Perspecta shareholders approve Peraton deal
Peraton’s acquisition of Perspecta moved one significant step closer to fruition Wednesday when Perspecta shareholders approved the $7.1 billion deal.
That’s the last significant hurdle for the deal, which is expected to close in the coming days.
With the backing of its owner Veritas Capital, Peraton has acquired Northrop Grumman’s IT business and now is on the verge of closing the Perspecta deal. The new Peraton will have $7 billion in annual revenue, 24,000 employees and a backlog of $24.4 billion.
Perspecta did not release a vote tally other than saying a majority of shareholders approved the transaction, which pays $29.35 per share in cash.
R1 RCM Set to Join S&P MidCap 400; Bancorp to Join S&P SmallCap 600
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NEW YORK, May 3, 2021 /PRNewswire/ S&P SmallCap 600 constituent R1 RCM Inc. (NASD:RCM) will replace Perspecta Inc. (NYSE:PRSP) in the S&P MidCap 400 and The Bancorp Inc. (NASD:TBBK) will replace R1 RCM in the S&P SmallCap 600 effective prior to the opening of trading on Friday, May 7. Veritas Capital is acquiring Perspecta in a deal expected to be completed soon pending final conditions.
Following is a summary of the changes that will take place prior to the open of trading on the effective date:
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NEW ORLEANS, April 27, 2021 /PRNewswire/ Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ( KSF ) are investigating the proposed sale of Cubic Corporation (NYSE: CUB) to Veritas Capital and an affiliate of Elliott Investment Management L.P. Under the terms of the proposed transaction, shareholders of Cubic will receive only $70.00 in cash for each share of Cubic that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.