M&A
confidence high
sentiment positive
materiality 0.90
CACI to acquire Azure Summit Technology for $1.275B in cash; adds RF capabilities
CACI INTERNATIONAL INC /DE/
- All-cash purchase price of $1.275B; net effective consideration $1.08B after $194M PV tax benefit.
- Acquisition expected to close in Q2 of CACI's FY2025 (Oct-Dec 2024), subject to regulatory approvals.
- Azure Summit provides high-performance RF technology for DoD ISR, EW, and SIGINT missions.
- CACI secured $750M bridge loan commitment from JPMorgan; will also use cash on hand.
- Transaction expected to be immediately accretive; CACI cites $400M in share repurchases over last six quarters.