2Excel Aviation and JD2E have joined forces to provide the Royal Air Force with ISR training courses.
Cubic in takeover battle
Following the news in February that Cubic Corporation had ‘entered into a definitive agreement' with an affiliate of Veritas Capital and Evergreen Coast Capital Corporation to acquire Cubic for $70 per share in cash, the battleground has shifted with an unsolicited counter-bid from Singapore Technologies Engineering (ST Engineering).
Initially valued at $76 per share and then raised to $78, the ST Engineering bid would see Cubic Mission and Performance Solutions (CMPS) sold to an affiliate of Blackstone Tactical Opportunities.
By 31 March, Cubic had accepted a proposal from Veritas and Evergreen to increase their offer to $75 per share, valuing ...
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