secwatch.observer — SEC 8-K summary
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Issuer:     CACI INTERNATIONAL INC /DE/ (CACI)
CIK:        0000016058
Form:       8-K
Filed at:   2024-09-16T23:59:59+00:00
Accession:  0000016058-24-000148
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CACI to acquire Azure Summit Technology for $1.275B in cash; adds RF capabilities
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/16058/000001605824000148/0000016058-24-000148-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/16058/000001605824000148/caci-20240910.htm
  HTML page:      https://secwatch.observer/filing/0000016058-24-000148

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer