What does Cubic company do?

Cubic provides networked Command, Control, Communications, Computers, Cyber, Intelligence, Surveillance and Reconnaissance (C5ISR) capabilities. Cubic’s NextCity™ focuses on the delivery of an integrated customer experience, one account, and integrated operations and analytics for the transportation industry.

Is Cubic a public company?

The all-cash transaction will be valued at approximately $3 billion, including debt, Cubic said. The San Diego, California-based company has been publicly traded since 1959.

What happened cubic stock?

As a result of the completion of the transaction, Cubic shareholders will receive $75.00 per share in cash, and Cubic’s common stock will be suspended from trading on the New York Stock Exchange (“NYSE”) prior to the opening of business on May 25, 2021 and will be removed from listing on the NYSE.

Who purchased cubic?

Veritas and the Paul Singer-led Elliott group will pay $2.38 billion in cash to acquire Cubic and assume around $600 million in that company’s debt, bringing the deal’s enterprise value to roughly $3 billion.

How big is the Cubic company?

Cubic has 6,900 employees on six continents and boasts an annual revenue of US$1.5 billion.

Did Veritas buy Cubic?

Cubic Corporation, a public transportation and defense technology company, completed a sale to Veritas Capital and Evergreen Coast Capital Corporation. The transaction closed on May 25, 2021, and is valued at approximately $3 billion, including the assumption of debt. Faegre Drinker represented Cubic in the sale.

Who purchased Veritas?

In 2015, Veritas acquired aircraft servicing firm StandardAero Aviation for about $2 billion and sold it to Carlyle for more than $5 billion in 2018.

How many employees does Cubic have?

In 2015, Veritas acquired aircraft servicing firm StandardAero Aviation for about $2 billion and sold it to Carlyle for more than $5 billion in 2018.

Where is Ramzi Musallam from?

Musallam, a Jordanian immigrant, earned his M.B.A. at the University of Chicago and previously worked for JPMorgan and two other private equity firms.

Is cubic volume?

In geometry, cubic units can be defined as the units used to measure volume. The volume of a unit cube whose length, width and height are 1 unit each is 1 cubic unit. Here, the rectangular prism is made up of smaller unit cubes.


  1. https://www.cubic.com/
  2. https://www.sandiegouniontribune.com/business/story/2021-02-08/long-time-san-diego-tech-firm-cubic-corp-being-acquired-in-2-8-billion-deal
  3. https://www.defensenews.com/industry/2021/03/31/cubic-to-go-private-in-3b-sale-to-veritas-elliot/
  4. https://www.businesswire.com/news/home/20210525005655/en/Cubic-Announces-Completion-of-Acquisition-by-Veritas-Capital-and-Evergreen-Coast-Capital
  5. https://washingtontechnology.com/2021/05/cubic-completes-its-sale-to-veritas-activist-hedge-fund/355288/
  6. https://www.cubic.com/sites/default/files/CEO%20magazine_2020_Bradley_Feldmann_CUBIC-CORPORATION.pdf
  7. https://www.faegredrinker.com/en/services/experience/2021/1/cubic-corporation-completes-28-billion-sale-to-veritas-capital-and-evergreen-coast-capital
  8. https://www.reuters.com/markets/deals/veritas-capital-buy-carlyles-chromalloy-16-bln-sources-2022-09-02/
  9. https://www.forbes.com/profile/ramzi-musallam/
  10. https://www.splashlearn.com/math-vocabulary/geometry/cubic-unit

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