Mergers and Acquisitions Recap: General Dynamics BUYS Gayston, Rackspace BUYS Mailgun
General Dynamics Corporation (NYSE:GD) has purchased the defense operations of private equity Gayston Corporation, which is a provider of precision metal components used in the production of rocket motor tubes for the United States Army’s Hydra-70 air-to-ground rocket program. The transaction is expected to be accretive to earnings next year; the financials are as of yet unreported.
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Stratex Oil & Gas has offered approximately $124 million in cash and stock for Magellan Petroleum Corporation (NASDAQ:MPET). The bid represents $2.30 per share, which is a 137 percent windfall to MPET’s Friday close.
Rackspace Hosting, Inc. (NYSE:RAX) purchases the startup Mailgun, which created developer tools for accessing and managing e-mail from within an application or service, that avoids the need to go through complex and tedious setup measures. The buyer will join Mailgun’s solutions with its own recent intro OpenStack cloud infrastructure platform.
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