CACI To Purchase Azure Summit Technology For $1.275B In Cash; Expects To Close In Second Quarter Of FY25
Portfolio Pulse from Benzinga Newsdesk
CACI International Inc. has announced its plan to acquire Azure Summit Technology for $1.275 billion in cash. The acquisition is expected to close in the second quarter of fiscal year 2025.
September 16, 2024 | 12:11 pm
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CACI International Inc. is set to acquire Azure Summit Technology for $1.275 billion in cash. This strategic acquisition is expected to close in the second quarter of fiscal year 2025, potentially enhancing CACI's market position.
The acquisition of Azure Summit Technology by CACI for $1.275 billion is a significant strategic move, likely to enhance CACI's capabilities and market position. The cash deal indicates a strong financial position and commitment to growth, which is positive for CACI's stock in the short term.
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