Carlyle to Acquire ManTech In Deal Exceeding $4 Billion

ManTech shareholders to receive $96.00 in cash per share in all-cash transaction valued at approximately $4.2 Billion ManTech International Corporation…

Michael Webb | May 18, 2022

ManTech shareholders to receive $96.00 in cash per share in all-cash transaction valued at approximately $4.2 Billion

ManTech International Corporation (Nasdaq: MANT) a leading provider of innovative technologies and solutions for mission-critical national security programs, announced May 16 it has entered into a definitive agreement to be acquired by funds managed by global investment firm Carlyle (NASDAQ: CG) in an all-cash transaction with a total enterprise value of approximately $4.2 billion.

Under the terms of the transaction, ManTech shareholders will receive $96.00 per share in cash, which represents a 32% premium to ManTech's unaffected closing share price of $72.82 on February 2, 2022, the last trading day prior to published media reports regarding a potential strategic process for the Company, and a 17% premium to the closing stock price of $81.97 May 13, 2022.

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