“General Dynamics (NYSE: GD) has completed its acquisition of CSRA Inc. (NYSE: CSRA). The transaction, valued at approximately $9.7 billion, is expected to be accretive to GAAP earnings per share and to free cash flow per share in 2019, and is expected to generate estimated annual pre-tax cost savings of approximately 2 percent of the combined company’s revenue by 2020.”
“CSRA is now part of General Dynamics Information Technology. This combination creates a premier provider of high-tech IT solutions to the government IT market.”
“As a result of the closing of the acquisition, General Dynamics intends to cause all shares of CSRA common stock to be delisted…” Read the full press release here.
Source: General Dynamics Completes Acquisition of CSRA – April 3, 2018. CSRA.
