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Leidos and Altaris Close Deal to Form Security Screening Joint Venture
Filed with the SEC on · Summarized by InvestorsBot
Leidos, Altaris and the AHP entities have completed a transaction forming a joint venture operating under the Analogic brand, combining Leidos’ security screening business with Analogic’s technologies and manufacturing capabilities. Altaris’ AHP Investor will control a majority of the JV board, while Leidos will retain a significant minority stake, minority protective rights and certain exit rights beginning after the seventh anniversary; no deal value was disclosed.