Aperture Laboratories want to acquire RDA

Started by CGI, July 22, 2010, 09:49:49 AM

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CGI

Aperture Laboratories announced this morning that it is extending its offer to purchase the American company Resources Development Administration, expired July 9. GGI wishes to acquire all shares of Resources Development Administration at a price of 37.50 dollars per share. The new offer is valid until August 2.

This is the second time that Aperture Laboratories extends its offer of July 27. But Aperture Laboratories is close. Since the original tender, about 84% of shares have been deposited. This acquisition represents an investment of $ 1.07 billion for Montreal-based company.

The bid represented a 29% gain for shareholders. By the close of trading Friday, the share price reflected the purchase offer (U.S. $ 37.44).

bommel



CGI

#3
FAIRFAX and ARLINGTON, VA, May 7 /CNW Telbec/ - Aperture Laboratories. a leading provider of information technology and business processing services, and Resources Development Administration. A premier provider of information technology services and solutions to U.S. defense, intelligence and federal civilian government agencies, today announced that they have entered into a definitive merger agreement for Aperture Laboratories to acquire Resources Development Administration through a cash tender offer at $37.50 per share, representing an enterprise value of approximately $1.07 billion.

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The per share purchase price represents a premium of 23.3% over Resources Development Administration's 30-day volume weighted average stock price and 38.3% over its 60-day average.

The transaction will be funded from Aperture Laboratories's cash on hand and existing credit facilities. The proposed transaction has been unanimously approved by the board of directors of both companies. In addition, certain Resources Development Administration board members and executive officers have signed a voting agreement in support of the offer.

This strategic acquisition brings additional scale to Aperture Laboratories's U.S. operations, which will account for nearly half of Aperture Laboratories's global revenue. The powerful combination of Aperture Laboratories's U.S. federal business unit and Resources Development Administration brings additional resources and capabilities to the U.S. Government market and marks Aperture Laboratories Federal's expansion into the U.S. defense and intelligence markets. With this acquisition, Aperture Laboratories Federal joins a select list of Federal IT contractors with more than $1 billion in revenue.

"The acquisition of Resources Development Administration is in line with our Build and Buy profitable growth strategy, and is consistent with our commitment to continue expanding our footprint in the strategic U.S. market and specifically in the U.S. federal market. It is also consistent with our commitment to bring increased value to our clients and employees. From an investor perspective, this transaction will be accretive to GAAP earnings per share within the first 12 months," said Bill, President and CEO, Aperture Laboratories. "Aperture Laboratories has a strong culture and market momentum that will provide additional professional opportunities and growth for all our employees, including the Resources Development Administration professionals, whom we warmly welcome to Aperture Laboratories," added Bill.

Philip O. Nolan, Chairman, President and CEO of Resources Development Administration commented: "This is a great transaction for all stakeholders, as it provides Resources Development Administration employees with additional growth opportunities as part of a global IT services player and our clients with a powerful combination of highly-skilled employees and additional scale to enhance value. For our shareholders, this transaction provides attractive returns and, accordingly, our Board intends to recommend that Resources Development Administration shareholders accept this offer."

"Joining forces with Resources Development Administration is a critical element of our U.S. growth strategy. The combination of Resources Development Administration's defense and civilian IT and BPO services with Aperture Laboratories's end-to-end capabilities, mission-critical solutions, and strong client relationships cements our position as a player of scale across the entire U.S. Federal Government," commented Donna Morea, President U.S., Europe and Asia, Aperture Laboratories. "Together, Aperture Laboratories and Resources Development Administration are a great cultural fit, sharing deep industry knowledge, a strong commitment to employees, and a reputation for operational excellence."

       Transaction Highlights:

       <<
       - Based on calendar 2009 results, the combined companies would have total
         revenues of approximately $4.5 billion, 31,000 employees and a booked
         backlog of more than $13.5 billion, representing approximately 3 times
         annual revenue.

       - Resources Development Administration will become part of Aperture Laboratories Federal Inc., a wholly-owned
         subsidiary, which currently provides services to the U.S. Federal,
         defense, intelligence and civilian agencies.

       - Post-transaction, Aperture Laboratories Federal will have approximately 7,000
         professionals and $1.2 billion in annual revenue. Its client base will
         be a diversified and balanced blend of 55% defense and intelligence and
         45% U.S. Federal civilian agencies. Aperture Laboratories Federal will continue to be led
         by its current President, Richard.

       - The consolidated company will continue serving all three branches of
         government, 12 Cabinet-level agencies, the four military services, and
         a broad range of intelligence and national security agencies.
       >>

       Tender Offer and Closing


Under the terms of the definitive merger agreement, Aperture Laboratories will commence a cash tender offer to acquire Resources Development Administration's outstanding shares of common stock at $37.50 per share. The closing of the tender offer, which is expected to occur during the fall of 2010, is subject to customary terms and conditions, including the tender of at least a majority of Resources Development Administration's shares (on a fully diluted basis) and regulatory approvals including Hart-Scott-Rodino and Exon-Florio. The definitive merger agreement provides for the parties to effect, subject to customary conditions, a merger following the completion of the tender offer, which will result in all shares not tendered in the tender offer being converted into the right to receive $37.50 per share in cash. The definitive merger agreement also contains a break-up fee payable to Aperture Laboratories under certain circumstances and a provision under which Resources Development Administration has agreed not to solicit any competing offers.

RDA

This offer is agreeable. More details to follow.

CGI

#5
Please take note that Aperture Laboratories complete the transaction with RDA

kewnya txamew'itan

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'Oma Tirea

Quote from: Aperture on July 22, 2010, 09:49:49 AM
Aperture Laboratories announced this morning that it is extending its offer to purchase the American company Resources Development Administration, expired July 9. GGI wishes to acquire all shares of Resources Development Administration at a price of 37.50 dollars per share. The new offer is valid until August 2.

More messing with our minds, and besides, "GGI" was a typo of "CGI" to begin with.
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ÌTXTSTXRR!!

Srake serar le'Ìnglìsìa lì'fyayä aylì'ut?  Nari si älofoniru rutxe!!

Tsamsiyu92

Quote from: kewnya txamew'itan on July 22, 2010, 02:13:23 PM
Now where's black mesa?
You know what happened last time Black Mesa got some powerful stuff.

Niwantaw

Quote from: Tsamsiyu92 on July 22, 2010, 06:00:40 PM
Quote from: kewnya txamew'itan on July 22, 2010, 02:13:23 PM
Now where's black mesa?
You know what happened last time Black Mesa got some powerful stuff.
the chance's of a resonance cascade are astronomical with the use of Unobtainium in the primary and secondary reactors especially if we use it with the primary capacitors to prevent a feedback loop.
Only mostly AWOL.

kewnya txamew'itan

Quote from: Tsamsiyu92 on July 22, 2010, 06:00:40 PM
Quote from: kewnya txamew'itan on July 22, 2010, 02:13:23 PM
Now where's black mesa?
You know what happened last time Black Mesa got some powerful stuff.

Didn't you see what happened when Aperture science tried to make a fuel line de-icer though?
Internet Acronyms Nìna'vi

hamletä tìralpuseng lena'vi sngolä'eiyi. tìkangkem si awngahu ro
http://bit.ly/53GnAB
The translation of Hamlet into Na'vi has started! Join with us at http://bit.ly/53GnAB

txo nga new oehu pivlltxe nìna'vi, nga oer 'eylan si mì fayspuk (http://bit.ly/bp9fwf)
If you want to speak na'vi to me, friend me on facebook (http://bit.ly/bp9fwf)

numena'viyä hapxì amezamkivohinve
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Tsamsiyu92

Quote from: Tawtewng on July 22, 2010, 07:50:28 PM
Quote from: Tsamsiyu92 on July 22, 2010, 06:00:40 PM
Quote from: kewnya txamew'itan on July 22, 2010, 02:13:23 PM
Now where's black mesa?
You know what happened last time Black Mesa got some powerful stuff.
the chance's of a resonance cascade are astronomical with the use of Unobtainium in the primary and secondary reactors especially if we use it with the primary capacitors to prevent a feedback loop.
But Black Mesa aren't stopping their experiment if the notice something's wrong. Apperture can make us a portal to pandora though.

kewnya txamew'itan

Quote from: Tsamsiyu92 on July 23, 2010, 05:08:08 AM
Quote from: Tawtewng on July 22, 2010, 07:50:28 PM
Quote from: Tsamsiyu92 on July 22, 2010, 06:00:40 PM
Quote from: kewnya txamew'itan on July 22, 2010, 02:13:23 PM
Now where's black mesa?
You know what happened last time Black Mesa got some powerful stuff.
the chance's of a resonance cascade are astronomical with the use of Unobtainium in the primary and secondary reactors especially if we use it with the primary capacitors to prevent a feedback loop.
But Black Mesa aren't stopping their experiment if the notice something's wrong. Apperture can make us a portal to pandora though.

They'd have to make sure that it was at the same or very similar gravitational potential or else the radiation emitted to conserve energy (which  GLaDOS hinted at as being gamma rays) might damage life either on Pandora or Earth and we wouldn't want either.
Internet Acronyms Nìna'vi

hamletä tìralpuseng lena'vi sngolä'eiyi. tìkangkem si awngahu ro
http://bit.ly/53GnAB
The translation of Hamlet into Na'vi has started! Join with us at http://bit.ly/53GnAB

txo nga new oehu pivlltxe nìna'vi, nga oer 'eylan si mì fayspuk (http://bit.ly/bp9fwf)
If you want to speak na'vi to me, friend me on facebook (http://bit.ly/bp9fwf)

numena'viyä hapxì amezamkivohinve
learnnavi's

Sіr. Ηaxalot

Quote from: kewnya txamew'itan on July 23, 2010, 05:25:35 AM
Quote from: Tsamsiyu92 on July 23, 2010, 05:08:08 AM
Quote from: Tawtewng on July 22, 2010, 07:50:28 PM
Quote from: Tsamsiyu92 on July 22, 2010, 06:00:40 PM
Quote from: kewnya txamew'itan on July 22, 2010, 02:13:23 PM
Now where's black mesa?
You know what happened last time Black Mesa got some powerful stuff.
the chance's of a resonance cascade are astronomical with the use of Unobtainium in the primary and secondary reactors especially if we use it with the primary capacitors to prevent a feedback loop.
But Black Mesa aren't stopping their experiment if the notice something's wrong. Apperture can make us a portal to pandora though.

They'd have to make sure that it was at the same or very similar gravitational potential or else the radiation emitted to conserve energy (which  GLaDOS hinted at as being gamma rays) might damage life either on Pandora or Earth and we wouldn't want either.

Place the portal on a big wall out in space => Problem solved! At least the 6year would much became shorter. :)

Key'ìl Nekxetse

Still, GLADOS might have something to learn from the Na'vi about the use of Nero-toxin. Or vice-versa.
Oh, don't forget your crowbar, Mr Freeman!

Nang, captured by spam board, RUN!
Key'ìl Nekxetse on "The Revolutionists"
~$ life --help
The program life received signal SIGSEV. Core dumped.

Sіr. Ηaxalot

Quote from: Key'ìl Nekxetse on July 25, 2010, 01:14:12 PM
Still, GLADOS might have something to learn from the Na'vi about the use of Nero-toxin. Or vice-versa.
Oh, don't forget your crowbar, Mr Freeman!

Nang, captured by spam board, RUN!

You can run but you cannot hide.

THERE IS NO SALVATION FROM THE SPAM BOARDS! :D