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ASGN Incorporated Announces Closing of the Acquisition of TopBloc

1. ASGN acquires TopBloc for $340 million in cash and equity. 2. TopBloc’s team is integrated into ASGN's Consulting Services.

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+1.55%S&P 500
$64.9903/04 11:18 AM EDTEvent Start
$65.4403/05 05:54 PM EDTLatest Updated
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FAQ

Why Bullish?

The acquisition strengthens ASGN's service offerings and market position, historically leading to price increases post-acquisition. Similar acquisitions in the industry have resulted in positive stock performance, indicating investor confidence.

How important is it?

The acquisition is a significant strategic move that may enhance ASGN's competitive edge and revenue streams, affecting its stock price. Investors typically monitor such developments closely.

Why Long Term?

This acquisition will augment ASGN's capabilities and offerings, fostering growth and potentially increasing revenues over the long term, as observed in past successful integrations.

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TOPBSREVGARTDHI
RICHMOND, Va.--(BUSINESS WIRE)---- $asgn #acquisition--ASGN Incorporated (NYSE: ASGN), a leading provider of IT services and professional solutions across the commercial and government sectors, announced today that it has closed its previously announced acquisition of TopBloc, LLC (“TopBloc” or “the Company”) for a total consideration of $340 million in cash and equity. TopBloc's experienced team has become part of ASGN's Consulting Services. “We are pleased to announce the successful closing of our acquisition of To.

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