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home / news releases / PRSP - Caci Intl 'very likely' to bid for Perspecta after Veritas deal Stifel says


PRSP - Caci Intl 'very likely' to bid for Perspecta after Veritas deal Stifel says

Caci International (CACI) is likely to counterbid for Perspecta (PRSP) after the company agreed to a deal to sell to Veritas for $29.35/share earlier today, according to Stifel.Veritas deal for Perspecta not a surprise, though the price is "more favorable" than expected, which suggests Veritas is a aware of "incremental interest" from other bidders which likely required a "more competitive" offer, according to Stifel analyst Joe Denardi.Continues to expect that Veritas and CACI are most interested buyers with SAIC (SAIC) and other PE firms as less likely.Expects to hear an update from CACI either tonight or tomorrow as the company is scheduled to report earnings.PRSP gains 9.7% to $28.80.Recall Jan. 6, Perspecta gains 2% after hours as Veritas plans to submit takeover offer.Recall Nov. 9, Perspecta Weighs Strategic Options Including Sale.

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Caci Intl 'very likely' to bid for Perspecta after Veritas deal, Stifel says
Stock Information

Company Name: Perspecta Inc.
Stock Symbol: PRSP
Market: NYSE
Website: perspecta.com

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