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CACI drops CSRA bid, clearing path for General Dynamics
FedScoop: General Dynamics should have a clear path to acquiring CSRA now after CACI withdrew its late, contesting bid to buy the IT contractor Wednesday.
General Dynamics offered to buy CSRA for $9.6 billion in February, merging it with its General Dynamics IT business. About a month later, CACI challenge the GDIT merger with a $7.2 billion bid for CSRA, at which point GD upped its bid to $9.7 billion.
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