secwatch.observer — SEC 8-K summary
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Issuer:     PARSONS CORP (PSN)
CIK:        0000275880
Form:       8-K
Filed at:   2022-05-27T23:59:59+00:00
Accession:  0001193125-22-162323
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Parsons subsidiary agrees to acquire Xator for $400M cash
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- Parsons Government Services, Inc. will acquire 100% of Xator LLC for $400 million in cash.
- Purchase price subject to customary adjustments for cash, debt, transaction expenses and working capital.
- A $2.5 million escrow will be held for potential post-closing adjustments and indemnification.
- Transaction expected to close upon satisfaction of regulatory and other customary conditions.
- Xator is a provider of security and technology solutions to the U.S. government and defense sector.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/275880/000119312522162323/0001193125-22-162323-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/275880/000119312522162323/d364369d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-162323

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