BREAKING: Leidos ($LDOS) to acquire Entrust for $2.4B in cash — Stock Purchase Agreement signed; expected…
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BREAKING: Leidos ($LDOS) to acquire Entrust for $2.4B in cash — Stock Purchase Agreement signed; expected close Q2 2026. Citi has committed a $1.4B 364‑day bridge to help finance the deal. 🔥💼 #BREAKING #M&A #Leidos #Defense
ALERT: What this means — potential near‑term leverage spike if Leidos draws the $1.4B bridge. Bridge is unsecured, 364‑day, SOFR + ~1.25% initially (steps up over time); financing is NOT a closing condition. ⚠️💸 $LDOS #Finance #Debt #Mergers
Confirmed: Closing subject to Hart‑Scott‑Rodino clearance and customary conditions; parties can terminate if not closed by Aug 14, 2026. Reps & warranties insurance in place; purchaser is a Leidos wholly‑owned subsidiary. ✅📑 #Regulation #M&A #Watch
Next steps for investors — monitor HSR timing, any switch to permanent financing, and covenant/filing updates (bridge mirrors existing credit covenants and includes parent guarantee). No equity issuance announced. 👀 #Investing #Stocks #Watchlist