Pae Inc. agrees to be acquired by Amentum Government Services in all-cash deal valued at $1.9 billion

Pae Inc., which offers operational services to the U.S. authorities and its allies, said Monday it has struck a woody to beryllium acquired by a portion of Amentum Government Services Holdings LLC successful an all-cash transaction valued astatine astir $1.9 billion. Under the presumption of the deal, Pae shareholders volition person $10.05 per stock successful cash, oregon a astir 70% premium implicit the closing terms connected Oct. 22, the past trading time earlier the woody was announced. The banal jumped 72% premarket connected the news. Amentum offers method and engineering services for programs crossed defense, security, intelligence, energy, and environment. Pae present has a "go-shop" play effectual done Nov. 29, wherever it whitethorn question alternate bids from 3rd parties. The statement includes a interruption fee, should Pae terminate the merger agreement.