General Dynamics Buys Vangent for $960M

Publicly traded General Dynamics will pay $960 million in cash for Vangent Inc., a provider of healthcare information-technology and business systems to federal agencies, the companies announced Thursday. Vangent is majority-owned by the Veritas Capital Fund III. General Dynamics says that following the close of the deal, expected by October 1, that Vangent will become part of its information technology group.

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