ManTech International is headquartered in Northern Virginia. (ManTech)

US government services provider ManTech International Corporation, which has been publicly traded since 2002, will become a privately held entity under a USD4.2 billion cash takeover offer it has accepted from US investment firm Carlyle Group, ManTech announced on 16 May.

“Following a comprehensive review of strategic alternatives”, ManTech's board of directors “determined that this transaction is in the best interest of our shareholders”, who will receive a 32% premium on their stock's price, the company said. “As a private company with Carlyle as our partner, ManTech will have added flexibility and resources to advance capabilities, capitalise on significant opportunities ahead, and build upon our success.“

George Pedersen, 85, who co-founded ManTech in 1968, recently left the board and reduced his voting stake in the company to facilitate a takeover, Cowen analyst Gautam Khanna wrote in a research “note”. Other government contractors that might have been seen as potential buyers, including CACI International, Jacobs Engineering, and Leidos, are too busy integrating acquisitions or have too much debt to purchase ManTech, Khanna added.

ManTech International is headquartered in Northern Virginia. (ManTech)

US government services provider ManTech International Corporation, which has been publicly traded since 2002, will become a privately held entity under a USD4.2 billion cash takeover offer it has accepted from US investment firm Carlyle Group, ManTech announced on 16 May.

“Following a comprehensive review of strategic alternatives”, ManTech's board of directors “determined that this transaction is in the best interest of our shareholders”, who will receive a 32% premium on their stock's price, the company said. “As a private company with Carlyle as our partner, ManTech will have added flexibility and resources to advance capabilities, capitalise on significant opportunities ahead, and build upon our success.“

George Pedersen, 85, who co-founded ManTech in 1968, recently left the board and reduced his voting stake in the company to facilitate a takeover, Cowen analyst Gautam Khanna wrote in a research “note”. Other government contractors that might have been seen as potential buyers, including CACI International, Jacobs Engineering, and Leidos, are too busy integrating acquisitions or have too much debt to purchase ManTech, Khanna added.

ManTech International is headquartered in Northern Virginia. (ManTech)

US government services provider ManTech International Corporation, which has been publicly traded since 2002, will become a privately held entity under a USD4.2 billion cash takeover offer it has accepted from US investment firm Carlyle Group, ManTech announced on 16 May.

“Following a comprehensive review of strategic alternatives”, ManTech's board of directors “determined that this transaction is in the best interest of our shareholders”, who will receive a 32% premium on their stock's price, the company said. “As a private company with Carlyle as our partner, ManTech will have added flexibility and resources to advance capabilities, capitalise on significant opportunities ahead, and build upon our success.“

George Pedersen, 85, who co-founded ManTech in 1968, recently left the board and reduced his voting stake in the company to facilitate a takeover, Cowen analyst Gautam Khanna wrote in a research “note”. Other government contractors that might have been seen as potential buyers, including CACI International, Jacobs Engineering, and Leidos, are too busy integrating acquisitions or have too much debt to purchase ManTech, Khanna added.

ManTech International is headquartered in Northern Virginia. (ManTech)

US government services provider ManTech International Corporation, which has been publicly traded since 2002, will become a privately held entity under a USD4.2 billion cash takeover offer it has accepted from US investment firm Carlyle Group, ManTech announced on 16 May.

“Following a comprehensive review of strategic alternatives”, ManTech's board of directors “determined that this transaction is in the best interest of our shareholders”, who will receive a 32% premium on their stock's price, the company said. “As a private company with Carlyle as our partner, ManTech will have added flexibility and resources to advance capabilities, capitalise on significant opportunities ahead, and build upon our success.“

George Pedersen, 85, who co-founded ManTech in 1968, recently left the board and reduced his voting stake in the company to facilitate a takeover, Cowen analyst Gautam Khanna wrote in a research “note”. Other government contractors that might have been seen as potential buyers, including CACI International, Jacobs Engineering, and Leidos, are too busy integrating acquisitions or have too much debt to purchase ManTech, Khanna added.

ManTech International is headquartered in Northern Virginia. (ManTech)

US government services provider ManTech International Corporation, which has been publicly traded since 2002, will become a privately held entity under a USD4.2 billion cash takeover offer it has accepted from US investment firm Carlyle Group, ManTech announced on 16 May.

“Following a comprehensive review of strategic alternatives”, ManTech's board of directors “determined that this transaction is in the best interest of our shareholders”, who will receive a 32% premium on their stock's price, the company said. “As a private company with Carlyle as our partner, ManTech will have added flexibility and resources to advance capabilities, capitalise on significant opportunities ahead, and build upon our success.“

George Pedersen, 85, who co-founded ManTech in 1968, recently left the board and reduced his voting stake in the company to facilitate a takeover, Cowen analyst Gautam Khanna wrote in a research “note”. Other government contractors that might have been seen as potential buyers, including CACI International, Jacobs Engineering, and Leidos, are too busy integrating acquisitions or have too much debt to purchase ManTech, Khanna added.

ManTech International is headquartered in Northern Virginia. (ManTech)

US government services provider ManTech International Corporation, which has been publicly traded since 2002, will become a privately held entity under a USD4.2 billion cash takeover offer it has accepted from US investment firm Carlyle Group, ManTech announced on 16 May.

“Following a comprehensive review of strategic alternatives”, ManTech's board of directors “determined that this transaction is in the best interest of our shareholders”, who will receive a 32% premium on their stock's price, the company said. “As a private company with Carlyle as our partner, ManTech will have added flexibility and resources to advance capabilities, capitalise on significant opportunities ahead, and build upon our success.“

George Pedersen, 85, who co-founded ManTech in 1968, recently left the board and reduced his voting stake in the company to facilitate a takeover, Cowen analyst Gautam Khanna wrote in a research “note”. Other government contractors that might have been seen as potential buyers, including CACI International, Jacobs Engineering, and Leidos, are too busy integrating acquisitions or have too much debt to purchase ManTech, Khanna added.