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PAE - PAE Inc News Story

$7.95 0.0  0.4%

Last Trade - 16/04/21

Sector
Industrials
Size
Mid Cap
Market Cap £535.0m
Enterprise Value £1.12bn
Revenue £1.96bn
Position in Universe 3132nd / 6850

BRIEF-PAE To Acquire Metis Solutions, Expanding And Differentiating Its Intelligence Community And National Security Portfolio

Mon 16th November, 2020 12:02pm
Nov 16 (Reuters) - PAE Inc  PAE.O :
    * PAE TO ACQUIRE METIS SOLUTIONS, EXPANDING AND
DIFFERENTIATING
ITS INTELLIGENCE COMMUNITY AND NATIONAL SECURITY PORTFOLIO
    * PAE INC - PAE WILL ACQUIRE METIS SOLUTIONS CORPORATION IN
A $92
MILLION ALL-CASH TRANSACTION
    * PAE INC - EXPECTS TO FUND PURCHASE PRICE WITH CASH ON HAND
AND
UTILIZATION OF ITS DELAYED DRAW TERM LOAN
    * PAE INC - DEAL EXPECTED TO BE ACCRETIVE TO KEY FINANCIAL
METRICS
INCLUDING ORGANIC REVENUE GROWTH, ADJUSTED EBITDA MARGINS AND
FREE CASH FLOW
    * PAE INC - REITERATING ITS FISCAL YEAR 2020 FINANCIAL
OUTLOOK
PROVIDED ON NOVEMBER 5, 2020

Source text for Eikon:  ID:nGNX6Z9s73 
Further company coverage:  PAE.O 

 ((Reuters.Briefs@thomsonreuters.com;))
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