
Exclusive: EQT to acquire software provider Neogov for more than $3 billion, sources say
Warburg Pincus, the majority owner of Neogov, and Carlyle, which owns about a third of the company, will fully exit their investment as part of the sale to EQT, said the sources.
The sources spoke on condition of anonymity to discuss the matter before a formal announcement, which is expected as early as this week.
Warburg Pincus, Carlyle and Neogov did not immediately respond to requests for comment.
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Reuters
12 minutes ago
- Reuters
Boeing St. Louis defense workers set to strike from Monday after rejecting latest offer
Aug 3 (Reuters) - Union members who assemble Boeing's (BA.N), opens new tab fighter jets in the St. Louis area rejected the U.S. planemaker's latest contract offer on Sunday and will strike at midnight on Monday, the International Association of Machinists and Aerospace Workers union (IAM) said. "IAM District 837 members ... deserve a contract that reflects their skill, dedication, and the critical role they play in our nation's defense," the union's Business Representative Tom Boelling said. Boeing said it was ready for the action. "We are prepared for a strike and have fully implemented our contingency plan," Boeing Air Dominance vice president and general manager Dan Gillian said in an emailed statement to Reuters. "We're disappointed our employees in St. Louis rejected an offer that featured 40% average wage growth," he added. Boeing's original proposal included a 20% general wage increase over four years and a $5,000 ratification bonus, as well as more vacation time and sick leave. The union had rejected the offer, saying it was insufficient. Last week, Boeing sent a new contract offer to the union with some minor compensation changes that would benefit senior union members, according to the company. The offer also kept current overtime policies, which Boeing had proposed modifying in the last contract offer. The workers assemble Boeing's fighter jets and the MQ-25, an aerial refueling drone being developed for the U.S. Navy. Boeing's defense division is expanding manufacturing facilities in the St. Louis area for the new U.S. Air Force fighter, the F-47A, after it won the contract this year. The upcoming strike by the union, representing 3,200 employees, would be much smaller than the one Boeing was hit with last fall, when 33,000 machinists at Boeing's commercial plane division walked out for nearly two months. That strike ended with approval of a four-year contract that included a 38% wage increase.


The Guardian
12 minutes ago
- The Guardian
US Boeing defense workers slated to strike after rejecting latest offer
More than 3,200 unionized workers who assemble Boeing's fighter jets in the St Louis area rejected Boeing's latest offer on Sunday and will strike at midnight on Monday, the International Association of Machinists and Aerospace Workers union said. 'IAM District 837 members ... deserve a contract that reflects their skill, dedication, and the critical role they play in our nation's defense,' the union's business representative, Tom Boelling, said. Last week, Boeing sent a new contract offer to the union with some minor compensation changes that would benefit senior union members, according to the company. The offer also kept current overtime policies, which Boeing had proposed modifying in the last contract offer. The union had rejected the previous offer, saying that the offer was insufficient. Boeing did not immediately respond to a Reuters request for comment outside regular business hours. The workers assemble Boeing's fighter jets and the MQ-25, an aerial refueling drone being developed for the US navy. This would be the first strike that Boeing has faced at its St Louis defense hub since 1996. Boeing's defense division is expanding manufacturing facilities in the St Louis area for the new US Air Force fighter, the F-47, after it won the contract this year.


Reuters
3 hours ago
- Reuters
Boeing's St. Louis union workers reject latest offer and will strike on Monday
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