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Article: A Look at 2005's Top IT Deals
- Article from:
- The Washington Post
- Article date:
- February 13, 2006
CopyrightThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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Last year's big deals were ranked by a panel of merger and
acquisition experts from a list of 100 deals compiled for Washington
Technology by Houlihan Lokey Howard & Zukin.*
Buyer: L-3 Communications Inc., New York
Seller: Titan Corp., San Diego
Purchase price: $2.6 billion
Closing date: July 29
Investment bank: Lehman Brothers Inc. for L-3 and Relational
Advisors LLC for Titan
Why it's a big deal: This was the biggest deal of the year by
size, but more importantly it gave L-3 a large presence as an
information technology and systems engineering provider to defense
and intelligence customers. The acquisition also brought the exit of
Gene W. Ray, Titan's founder. Titan, like L-3, was always ...