Edition:
India

Jacobs To Buy KeyW In An All-Cash Deal Valued At About $815 Mln


Monday, 22 Apr 2019 

April 22 (Reuters) - Jacobs Engineering Group Inc ::JACOBS TO ACQUIRE KEYW, CAPTURING LEADING POSITION IN MULTI BILLION DOLLAR SPACE-INTELLIGENCE MARKET AND THE HIGH GROWTH C5ISR SECTOR.JACOBS ENGINEERING GROUP INC - JACOBS ANTICIPATES TO MORE THAN DOUBLE KEYW'S 2018 ADJUSTED PROFORMA EBITDA BY FISCAL 2022.JACOBS ENGINEERING GROUP INC - TRANSACTION HAS AN ENTERPRISE VALUE, NET OF TAX ASSETS, OF APPROXIMATELY $815 MILLION.JACOBS ENGINEERING GROUP INC - EXPECTS FISCAL 2020 ADJUSTED EPS ACCRETION OF $0.25 TO $0.30 FROM KEYW.JACOBS ENGINEERING GROUP INC - DEAL FOR $11.25 PER SHARE IN CASH.JACOBS ENGINEERING GROUP INC - TRANSACTION IS NOT SUBJECT TO A FINANCING CONDITION.JACOBS ENGINEERING GROUP INC - EXPECTS FISCAL 2020 ADJUSTED EPS ACCRETION OF $0.25 TO $0.30 FROM KEYW, ASSUMING $15 MILLION IN FULL RUN-RATE SYNERGIES.JACOBS ENGINEERING GROUP INC - EXPECTS TO FINANCE TRANSACTION THROUGH A COMBINATION OF CASH ON HAND AND ITS EXISTING CREDIT FACILITY..JACOBS ENGINEERING GROUP INC - EXPECTS ITS $250 MILLION ACCELERATED SHARE REPURCHASE PROGRAM PREVIOUSLY ANNOUNCED IN FEBRUARY TO BE COMPLETED BY JUNE 2019.