November 05, 2014 04:34 PM Eastern Standard Time
MCLEAN, Va.--(BUSINESS WIRE)--Booz Allen Hamilton (click here) Holding Corporation (“Booz Allen”)(NYSE: BAH), the parent company of management consulting, technology, and engineering services firm Booz Allen Hamilton Inc., today announced the sale of an aggregate of 10,000,000 shares of Class A common stock (“common stock”) by an affiliate of The Carlyle Group (“Carlyle”) to J.P. Morgan Securities LLC, as the underwriter in a registered offering of these shares (the “underwritten offering”)....
...The repurchase agreement between Booz Allen and Carlyle represents a private, non-underwritten transaction....
Evidently, JP Morgan is the only bank large enough to sell off the shares of Booz Allen.
...Upon completion of the underwritten offering and concurrent stock repurchase, Carlyle will own approximately 37.0% of the outstanding Class A common stock of Booz Allen, excluding approximately 5.8% of the Company’s Class A common stock with respect to which it holds a voting proxy. Booz Allen is not selling any shares of common stock in the underwritten offering and will not receive any of the proceeds....
June 9, 2014
Julian Borger
Evidently, JP Morgan is the only bank large enough to sell off the shares of Booz Allen.
...Upon completion of the underwritten offering and concurrent stock repurchase, Carlyle will own approximately 37.0% of the outstanding Class A common stock of Booz Allen, excluding approximately 5.8% of the Company’s Class A common stock with respect to which it holds a voting proxy. Booz Allen is not selling any shares of common stock in the underwritten offering and will not receive any of the proceeds....
June 9, 2014
Julian Borger
Booz Allen Hamilton, Edward Snowden's employer, (click here) is one of America's biggest security contractors and a significant part of the constantly revolving door between the US intelligence establishment and the private sector.
The current of director of national intelligence (DNI), James Clapper, who issued a stinging attack on the intelligence leaks this weekend, is a former Booz Allen executive. The firm's current vice-chairman, Mike McConnell, was DNI under the George W Bush administration. He worked for the Virginia-based company before taking the job, and returned to the firm after leaving it. The company website says McConnell is responsible for its "rapidly expanding cyber business".
James Woolsey, a former CIA director was also a Booz Allen vice-president, and Melissa Hathaway, another former company executive also once worked as the top aide on cybersecurity to McConnell when he was DNI. The company headquarters in the leafy Washington suburb of McLean in northern Virginia, close to CIA headquarters and home to former and current intelligence officers.
Snowden's decision to reveal his identity as a computer systems administrator for Booz Allen Hamilton, directly handling National Security Agency IT systems, raises significant image problems for the $6bn company and its 25,000-strong staff, which has traded on a bond of trust with sensitive clients, particularly the intelligence establishment....
What a small, small world USA intelligence lives in. Wall Street has owned our cyber security. That might explain a few things. JP Morgan beware, I think the paranoid intelligence community wanted to know whom among your depositors would leak any information to the world. This is who broke into JP Morgan and the sale of shares to the company is why. It also explains why no monies were involved.
