Deals
Parsons to Buy Systems Unit From Cobham for $350 Million
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Parsons Corp. agreed to buy analytic solutions from Cobham Plc for $350 million, adding the missile services provider to its broader engineering business.
Privately held Parsons is acquiring the business on a cash and debt free basis, Cobham said in a statement. The divestment will dilute its earnings by about 5 percent and the proceeds from the sale will be reinvested, the U.K. company said today.