Deals
CACI Is Said to Top General Dynamics Bid for CSRA, WSJ Says
- Competing bid is $44 in cash and stock, or about $7.2 billion
- General Dynamics, CSRA agreed to $40.75-share deal last month
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CACI International Inc. is offering about $7.2 billion for the information-technology company CSRA Inc. in a move designed to scuttle CSRA’s existing plan to tie up with defense giant General Dynamics Corp., the Wall Street Journal reported.
CACI’s offer is $44 in cash and stock for each CSRA share, exceeding the $40.75 a share all-cash deal that CSRA and General Dynamics agreed to in February, the Journal said, citing a person familiar with the situation. CSRA, based in Falls Church, Virginia, provides services such as cybersecurity and data analytics.