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PAE Says Deal With Amentum Still On After It Can’t Find Another Buyer

Cal Biesecker By
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PAE Says Deal With Amentum Still On After It Can’t Find Another Buyer
PAE provides base operations support for the U.S. Navy in Guam. Photo: PAE

PAE Inc. [PAE] on Wednesday said that its acquisition by Amentum is still expected to close early next year after it couldn’t find another buyer. Terms of the deal extended a limited “go-shop” period to PAE to find another potential buyer. The go-shop period expired on Nov. 29 with no alternative acquisition proposal from a third party, PAE said. That means the deal to be acquired by Amentum for $1.9 billion remains on track to close in the first quarter…

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