PRSP - Perspecta +9% on acquisition by Veritas Capital

Perspecta (PRSP) to be acquired by Peraton, a portfolio company of leading private investment firm Veritas Capital, in an all-cash transaction valued at $7.1B.Stockholders will receive $29.35 per share in cash, which represents a premium of 49.7% unaffected closing price of $19.60 on November 6, 2020.The last trading day prior to media reports being published regarding a potential strategic process for Perspecta, and a premium of 11.8% to the closing stock price of $26.25 on January 26, 2021.Following the closing of transaction, Perspecta will be combined with Peraton.Ramzi Musallam, CEO and Managing Partner of Veritas comments, "As a long-time investor in Perspecta and its predecessor companies for over a decade, we have always recognized Perspecta for its market differentiation, leading-edge IP, and focused execution in the government technology space. Through the combination with Peraton, we have assembled a strong portfolio of top-tier government technology providers with complementary offerings and are confident

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Perspecta +9% on acquisition by Veritas Capital