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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the expiration of the offer, a total of approximately 9,025,528 DRC shares were validly tendered in the offer and not withdrawn, representing approximately 86% of the outstanding common stock of DRC.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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November 21, 2014
07:31 EDTEGLEngility Holdings awarded prime position on $61M contract to support NAWCWD
Engility Holdings announced it has won a $61M single award indefinite-delivery/indefinite-quantity contract to provide engineering services and related research, development, test and evaluation efforts in support of the Naval Air Warfare Center Weapons Division. Under this award, Engility will provide a range of engineering services for the functional organizations that support numerous Department of Defense weapons acquisition programs. These services will include: design studies and evaluations associated with research, development, production and operations. The work will also include the full spectrum of test engineering services, as well as transition engineering and related efforts to transfer new technology from concept to Fleet support. Additionally, Engility will provide support services required for the management of technical activities. Work will be performed at China Lake, California, Point Mugu, California and Patuxent River, Maryland. This award, which represents new work for Engility, is a cost-plus-fixed-fee IDIQ contract and is expected to be completed in December 2017.
November 17, 2014
08:49 EDTEGLEngility Holdings management to meet with FBR Capital
Meetings to be held in Dallas on November 17 and in Denver on November 18 hosted by FBR Capital.

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