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The Best And Worst Channel Company Stocks In The First Quarter Of 2018

Rick Whiting

CSRA

CEO: Larry Prior

Dec. 29, 2017: $29.92

March 29, 2018: $41.23

Change: +37.80%

CSRA is the government IT services company formed in late 2015 through the combination of SRA International and the federal government business of Computer Science Corp. Based in Falls Church, Va., CSRA is No. 14 on the CRN Solution Provider 500.

In February General Dynamics announced a deal to acquire CSRA for roughly $6.8 billion, at $40.75 per share, and assume CSRA's $2.8 billion in debt, putting the value of the deal at $9.6 billion. The announcement sent the price of CSRA's stock soaring on Feb. 12, the day of the announcement.

On March 18 public sector powerhouse CACI made a $7.2 billion counter bid to acquire rival CSRA. But CSRA rejected that offer and CACI rescinded its offer 10 days later.

 
Rick Whiting

Rick Whiting has been with CRN since 2006 and is currently a feature/special projects editor. Whiting manages a number of CRN’s signature annual editorial projects including Channel Chiefs, Partner Program Guide, Big Data 100, Emerging Vendors, Tech Innovators and Products of the Year. He also covers the Big Data beat for CRN. He can be reached at rwhiting@thechannelcompany.com.

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