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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the expiration of the offer, a total of approximately 9,025,528 DRC shares were validly tendered in the offer and not withdrawn, representing approximately 86% of the outstanding common stock of DRC.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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April 16, 2015
16:09 EDTEGLEngility says awarded $24M contract by U.S. Agency for International Development
Engility announced it has been awarded a $24M contract by the U.S. Agency for International Development to provide technical assistance in Senegal, supporting the Feed the Future program and its goal to improve food security in developing countries. Under the Naatal Mbay project, Engility will provide on-the-ground support to strengthen and improve agricultural production, natural resource management and marketing in agricultural value chains. The contract represents re-compete work and is a cost-plus-fixed-fee, four-year award.
07:09 EDTEGLEngility awarded prime position on $7.2B INSCOM GISS contract
Engility announced it has been awarded a prime position on the $7.2B Global Intelligence Support Services Indefinite Delivery/Indefinite Quantity multiple-award contract administered by the U.S. Army Intelligence and Security Command. The contract will support a wide range of missions including intelligence analysis, electronic systems, intelligence surveillance and reconnaissance, systems, security systems, prototype intelligence hardware/software suites and quick reaction capability systems. Additional work will include supporting facilities to ensure they are and remain at the highest state of readiness, and business functions to ensure they are consistent with Army standards and directives. The five-year GISS IDIQ was originally bid by TASC, which was acquired by Engility in February of this year. Task orders awarded under this IDIQ will be cost-plus-fixed-fee, cost-plus-award-fee, time and materials and firm-fixed-price.

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