U.S. seeks 14-day court injunction after Booz merger loss

  • 📰 Reuters
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The U.S. Justice Department asked a court on Friday for a 14-day injunction while it considers whether to appeal its loss in attempting to stop Booz Allen Hamilton from buying EverWatch Corp.

Booz Allen said on Friday it had closed the deal to buy EverWatch. The company did not respond to a request for comment on the potential appeal.The Justice Department argued in its brief that Booz and EverWatch are the only two companies who are likely to submit a bid for a multi-year, $150 million contract for the National Security Agency called "Optimal Decision," which deals with simulations and signals intelligence.

"We will promptly notify the Court if the United States decides not to appeal so that the injunction can then be dissolved," the department said in a court filing. In recent years, the agencies challenged very few deals and won the majority of the challenges. The last few months have been different - with the Federal Trade Commission losing one merger challenge and the Justice Department losing three.Reporting by Diane Bartz; Editing by Jonathan Oatis and Josie Kao

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines