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Stock Market & Financial Investment News

News Breaks
January 29, 2014
07:44 EDTEGLEngility completes tender offer for all outstanding shares of Dynamics Research
Engility Holdings announced the completion of its previously announced tender offer for all of the outstanding shares of common stock of Dynamics Research for $11.50 per share in cash, without interest and subject to any required withholding taxes. As of the expiration of the offer, a total of approximately 9,025,528 DRC shares were validly tendered in the offer and not withdrawn, representing approximately 86% of the outstanding common stock of DRC. Notices of guaranteed delivery were delivered with respect to approximately 126,106 shares, representing approximately 1% of the outstanding common stock of DRC. All validly tendered shares have been accepted for payment. Engility will acquire all of the remaining outstanding shares of DRC common stock by means of a merger. At the effective time of the merger, DRC will become an indirect wholly owned subsidiary of Engility, and each share of DRCís outstanding common stock will be cancelled and converted into the right to receive the same consideration received by holders who tendered their shares in the tender offer. The merger is expected to close on or about January 31. Thereafter, DRC common stock will cease to be traded on the NASDAQ Global Market.
News For EGL From The Last 14 Days
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July 22, 2014
07:01 EDTEGLEngility Holdings awarded $10.1M contract
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July 8, 2014
08:01 EDTEGLEngility Holdings wins $11M contract to support NSWC PCD
Engility Holdings announced that it has been awarded an $11M contract to provide Landing Craft, Air Cushion Technical Support Activity Logistics and Technical Library Support to the Naval Surface Warfare Center, Panama City Division. Engility will provide logistics services to support sustainment of legacy logistics products, manage Fleet Modernization Program support, develop logistics support for new equipment introduced into the LCAC program, and related technical documentation. Engilityís support also will include logistics related data collection, logistics system monitoring and development of accurate logistic products to support the NSWC PCD LCAC In-Service Engineering Agent and the NSWC PCD LCAC Logistics Manager. Additionally, Engility will provide comprehensive logistics support for the LCAC, including maintenance planning, supply support, support equipment management, project support, training, and feedback resolution. The award represents recompete work for Engility and is a three-year, cost plus fixed fee contract.

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