VEC - Vectrus (VEC) - Notes From The Preliminary Proxy

Preliminary Proxy. Vectrus filed a preliminary proxy for its proposed merger with Vertex. As usual, the proxy provides detailed information about the process, financial forecasts, and valuation from the financial advisor's opinion. In addition, we learn the proposed new Company name, V2X, Inc., and symbol VVX.Long Train Running. The March announcement of the proposed combination of Vectrus and Vertex is the culmination of a long, winding trip. Vectrus first registered an interest in Vertex, then a subsidiary of L3 Technologies back in 2018, and expressed its interest in Raytheon's receptiveness to a potential divestiture of certain of its technical services assets comprising the Defense Training and Mission Critical Services business, the assets which were subsequently acquired by Vertex this past December, back in October 2020. Read More >>