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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the expiration of the offer, a total of approximately 9,025,528 DRC shares were validly tendered in the offer and not withdrawn, representing approximately 86% of the outstanding common stock of DRC.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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August 3, 2015
08:05 EDTEGLEngility awarded $35.4M contract by NSWC
Engility Holdings announced it has been awarded a $35.4M contract that will enable the company to continue providing radar engineering, software support and logistics services for the Naval Surface Warfare Center, NSWC Ė Port Hueneme Division, PHD. The award is a follow on to a contract originally won by TASC, which was acquired by Engility in February. Work on this contract, which could have a cumulative value of $53M if all options are exercised, will be performed at the NSWC PHD Dam Neck division's Ship Defense and Expeditionary Warfare Detachment in Virginia Beach, Va.
July 28, 2015
10:00 EDTEGLOn The Fly: Analyst Initiation Summary
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08:13 EDTEGLEngility's TASC awarded $67M contract by U.S. Air Force
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08:02 EDTEGLEngility initiated with a Hold at BB&T
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July 23, 2015
16:54 EDTEGLEngility awarded $14M contract by USAID
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July 22, 2015
16:36 EDTEGLEngility wins $8M task order for USAID's clean energy program support
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