Caci International ( (CACI) ) has issued an update.
CACI International Inc has announced an agreement to purchase Azure Summit Technology for $1.275 billion in cash, a move set to enhance CACI’s intelligence, surveillance, and reconnaissance capabilities. The acquisition aligns with CACI’s strategic priorities and is expected to be immediately beneficial financially, being accretive across various financial metrics. CACI plans to fund the transaction through cash and credit facilities, including a commitment from JPMorgan for a senior secured bridge loan. The closing of the deal, expected in the second quarter of CACI’s 2025 fiscal year, is subject to regulatory approval and customary conditions.
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