Wide slingshot

19 March 2018 By Lauren Silva Laughlin Follow @TheRealLSL

CACI’s $7.2 bln bid for CSRA is 8 pct higher than the agreed deal General Dynamics struck last month. Neither offer stacks up financially, relying instead on rising U.S. defense spending. General Dynamics, though, has deep pockets and is paying all cash. Felling it will be hard.

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CACI International proposed buying rival defense technology firm CSRA for $44 per share in cash and stock, or some $7.2 billion in total, the company said on March 18.

CACI is offering CSRA shareholders $15 per share in cash and roughly $29 per share in stock, or an exchange ratio of 0.184 CACI share for every CSRA share.

The offer is around 8 percent higher than the all-cash offer of $6.8 billion from defense firm General Dynamics that CSRA agreed to last month.

CACI said it could cut $165 million of costs a year if its offer succeeds.

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