CACI Agrees To Buy L-3 Security Business
A positive reaction in the stock market greeted CACI International (CACI) after the company announced it indeed had agreed to buy L-3 Communications’ (LLL) National Security Solutions for $550 million. Analysts had expected both the deal and the price. On Monday, Cowen analyst Cai von Rumohr said in a research note that the deal should be “solidly cash-flow accretive.” Reuters had reported the possible deal on Friday. In its announcement early