Market Overview

Engility to Acquire Dynamics Research Corporation for $11.50/Share


Engility Holdings (NYSE: EGL) and Dynamics Research Corporation
(NASDAQ: DRCO), today announced that they have entered into a
definitive agreement under which Engility will acquire DRC. DRC is a
U.S. government services, information technology and management
consulting firm with leading capabilities in Healthcare, Homeland
Security, Research & Development, Intelligence, Surveillance &
Reconnaissance (ISR), Financial Regulation & Reform, and Defense
Readiness, Logistics and Command, Control & Communications (C3).

Under the terms of the agreement, Engility will commence a tender offer
for all outstanding shares of DRC common stock at a price of $11.50 in
cash for each outstanding share. The transaction, which was unanimously
approved by the boards of directors of

See full press release

Posted-In: News Guidance Management M&A Global


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