News & Press: Industry News

Rob Robinson, ComplexDiscovery: Guidehouse to Acquire Navigant Consulting, Inc. for $1.1 Billion

Wednesday, August 7, 2019   (0 Comments)
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Extract from Rob Robinson's article "Guidehouse to Acquire Navigant Consulting, Inc. for $1.1 Billion"

Guidehouse, a portfolio company of Veritas Capital (“Veritas”) and leading provider of management consulting services to government clients, today [August 2, 2019] announced it entered into a definitive agreement to acquire Navigant Consulting, Inc. (NYSE: NCI) (“Navigant”), in a transaction valued at approximately $1.1 billion.

Under the terms of the agreement, Navigant shareholders will receive $28 in cash per share. The per-share purchase price represents a premium of 16% percent over the company’s closing stock price on August 1, 2019, the last trading day prior to today’s announcement, and 26% percent over the company’s 90-day volume-weighted average share price. The closing of this transaction, subject to regulatory approvals and customary closing conditions, is expected to occur in the fourth quarter of this year.

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