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Business/Financial

Veritas Stays Busy, Teams With Evergreen To Acquire Cubic In $2.8 Billion Deal

By Cal Biesecker

Monday, February 8th, 2021

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Veritas Stays Busy, Teams With Evergreen To Acquire Cubic In $2.8 Billion Deal

Bradley Feldmann, chairman, president and CEO of Cubic. Photo: Cubic Corp.

Cubic Corp. [CUB] on Monday said it has entered into an agreement with the private equity firms Veritas Capital and Evergreen Coast Capital to be acquired for $70 per share in cash, a deal with an enterprise value of $2.8 billion including debt. For Veritas, the deal for the defense and transportation technology company follows the $2.3 billion acquisition last week of Northrop Grumman’s [NOC] federal information technology (IT) services business and a pending $7.1 billion deal for the government…

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