Aerospace Group:

Business/Financial

Altaris’ Deal For Analogic Clears Regulatory Hurdle

By Cal Biesecker

Monday, April 30th, 2018

SHARE:

Altaris’ Deal For Analogic Clears Regulatory Hurdle

Analogic's computed tomography-based ConneCT checkpoint scanner. Photo: Analogic

Analogic Corp. [ALOG] on Monday said its pending $1.1 billion acquisition by the private equity firm Altaris Capital Partners has received approval by U.S. regulators.The Federal Trade Commission provided early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, clearing one hurdle on the way to completion of the acquisition, which is still expected in mid-2018. Analogic’s shareholders must still approve the deal.Following a 10-month strategic review of alternatives, Analogic in early April announced that Altaris has agreed…

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]

Congress

“Not Sure How They Get To Where They Wanna Be,” Calvert Says of $1.5 Trillion Defense Topline Proposal

As the federal government enters a third week of tardiness in a fiscal 2027 budget release, a big question is how the Pentagon will be able to spend $500 billion […]

Congress

Path Uncertain For $1.5 Trillion FY ‘27 Defense Topline After Trump Casts Doubt On Second Reconciliation Bill

The path to achieve the White House’s call for a $1.5 trillion defense topline in 2027 appears murkier now after President Donald Trump has cast doubt on the prospects of […]

Congress

Senate Budget Dems Push For Defense Reconciliation Spending Details, Cite ‘Slush Fund’ Concerns

Democrats on the Senate Budget Committee have raised “significant concern” with the Pentagon’s move to classify reconciliation spending plans, urging the department to provide more public details on how the […]