Tag Archives: lll

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

CACI International May Buy L-3 National Security Unit

The prospective buyer fell and possible seller rose Monday, in the first trading morning after word spread that CACI International (CACI) may purchase the National Security Solutions unit from L-3 Communications (LLL) for about $550 million. Cowen analysts immediately tagged the prospective deal as “neutral/positive” for CACI investors as “it looks like it would be cash-flow-accretive.” But early in the stock market today, CACI stock was down