Blackstone said on October 12 that its credit business led $1bn in financing to support the combination of Analogic with Leidos security, ports-and-borders and industrial-automation businesses. The underlying transaction closed earlier in October; the new announcement concerns financing, not a second acquisition close.
GLOBAL IMAGING BRIEF
The financing supports a larger security-imaging and detection supplier serving transport and critical infrastructure. Product integration, customer effects and execution remain to be assessed after the combination.
Original source
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