CACI Acquires SAIC's Fed IT & Cyber Business for $1.7B

Ticker: CACI · Form: 8-K · Filed: 2024-05-03T00:00:00.000Z

Sentiment: mixed

Topics: acquisition, divestiture, government-contracting, technology

Related Tickers: SAIC

TL;DR

CACI buys SAIC's federal IT/cyber biz for $1.7B. Big move!

AI Summary

CACI International Inc. announced on May 2, 2024, that it has entered into a definitive agreement to acquire SAIC's federal information technology and cyber business for $1.7 billion. This acquisition is expected to significantly expand CACI's technology and expertise in critical areas, enhancing its position in the government contracting market.

Why It Matters

This substantial acquisition by CACI International Inc. is poised to reshape its competitive landscape by integrating SAIC's federal IT and cyber capabilities, potentially leading to expanded service offerings and market share in the government sector.

Risk Assessment

Risk Level: medium — The acquisition involves a significant financial commitment and integration challenges, which could impact CACI's financial performance and operational efficiency.

Key Numbers

Key Players & Entities

FAQ

What specific federal IT and cyber business segments is CACI acquiring from SAIC?

The filing states CACI is acquiring SAIC's federal information technology and cyber business, but does not detail specific segments within this announcement.

When is the acquisition expected to close?

The filing does not specify an expected closing date for the acquisition.

How will this acquisition be financed?

The filing does not provide details on the financing method for the $1.7 billion acquisition.

What are the key strategic benefits CACI expects from this acquisition?

CACI expects the acquisition to expand its technology and expertise in critical areas, enhancing its position in the government contracting market.

Are there any regulatory approvals required for this transaction?

The filing does not mention specific regulatory approvals needed for the acquisition.

From the Filing

0000016058-24-000076.txt : 20240503 0000016058-24-000076.hdr.sgml : 20240503 20240503132012 ACCESSION NUMBER: 0000016058-24-000076 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240502 ITEM INFORMATION: Other Events FILED AS OF DATE: 20240503 DATE AS OF CHANGE: 20240503 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CACI INTERNATIONAL INC /DE/ CENTRAL INDEX KEY: 0000016058 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] ORGANIZATION NAME: 06 Technology IRS NUMBER: 541345888 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31400 FILM NUMBER: 24912106 BUSINESS ADDRESS: STREET 1: TWO RESTON OVERLOOK STREET 2: 12021 SUNSET HILLS ROAD CITY: RESTON STATE: VA ZIP: 20190 BUSINESS PHONE: 7038417800 MAIL ADDRESS: STREET 1: TWO RESTON OVERLOOK STREET 2: 12021 SUNSET HILLS ROAD CITY: RESTON STATE: VA ZIP: 20190 FORMER COMPANY: FORMER CONFORMED NAME: CACI INC /DE/ DATE OF NAME CHANGE: 19870119 FORMER COMPANY: FORMER CONFORMED NAME: CONSOLIDATED ANALYSIS CENTERS INC DATE OF NAME CHANGE: 19730102 FORMER COMPANY: FORMER CONFORMED NAME: CALIFORNIA ANALYSIS CENTER INC DATE OF NAME CHANGE: 19680603 8-K 1 caci-20240502.htm 8-K caci-20240502 0000016058 FALSE 0000016058 2023-08-15 2023-08-15 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________________________ FORM 8-K _________________________________________ CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported):  May 02, 2024 _________________________________________ CACI International Inc (Exact name of Registrant as Specified in Its Charter) _________________________________________ Delaware 001-31400 54-1345888 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) 12021 Sunset Hills Road Reston ,  Virginia 20190 (Address of Principal Executive Offices) (Zip Code) Registrant’s Telephone Number, Including Area Code: ( 703 )  841-7800 Not Applicable (Former Name or Former Address, if Changed Since Last Report) _________________________________________ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below): o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock CACI New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company o If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act o Item 8.01 Other Events. On May 2, 2024, the United States District Court declared a mistrial in the Al Shimari action after the jury was unable to reach a unanimous decision on any of the claims. The District Court has not set a date for any retrial. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto

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