Engility Commences Tender Offer for Outstanding Shares of Dynamics Research Corporation at $11.50/Share in Cash

Engility Holdings EGL today announced the commencement of a tender offer for all of the outstanding shares of common stock of Dynamics Research Corporation (“DRC”) DRCO for $11.50 per share in cash, without interest and subject to any required withholding taxes. The tender offer is being made pursuant to an Offer to Purchase, dated December 30, 2013, and in connection with the previously announced Agreement and Plan of Merger, dated December 20, 2013 (the “Merger Agreement”), among DRC, Engility Corporation and Engility Solutions, Inc. The tender offer will expire on Tuesday, January 28, 2014 at midnight, New York City time, unless the offer is extended. The tender offer is subject to conditions set forth in the Merger Agreement, See full press release