ATS Corporation Enters Into Merger Agreement With Salient Federal Solutions at $3.20 per Share

ATS Corporation

and Salient Federal Solutions, Inc. (Salient) today announced that they have entered into a definitive merger agreement, pursuant to which Salient will acquire ATSC through a cash tender offer at $3.20 per share. The transaction will be financed from Salient's equity capital commitments and debt financing. The proposed transaction has been unanimously approved by the board of directors of both companies. In addition, certain ATSC board members have signed a tender and voting agreement in support of the offer, and certain principal stockholders of ATSC have signed similar agreements.