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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the expiration of the offer, a total of approximately 9,025,528 DRC shares were validly tendered in the offer and not withdrawn, representing approximately 86% of the outstanding common stock of DRC.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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October 22, 2014
08:01 EDTEGLEngility Holdings wins $42.9M contract to provide system engineering for Navy
Engility Holdings announced it has won a $42.9M contract to provide system engineering, design, prototype, and testing and evaluation for shipboard and shore-based electronic systems under a program supporting the Naval Air Warfare Center Aircraft Division. This new contract, which is administered by the U.S. Army Space and Missile Defense Command/Army Forces Strategic Command, provides Engility with the opportunity to continue and expand its work for NAWCAD and is a $42.94M three year agreement. This contract is a Firm-Fixed Price Level of Effort and the work will be done by Engility personnel in Hollywood, MD; Patuxent River Naval Air Station, Patuxent River, MD; and Webster Field Annex, St Inigoes, MD.
October 15, 2014
07:06 EDTEGLEngility Holdings wins $23M contract
Engility Holdings announced it has been awarded a $23M contract to provide engineering and analytical support to help the U.S. Department of Transportation and the Federal Aviation Administration implement the Next Generation Air Traffic Control System. This task order award represents a combination of new and recompete work, and is a cost plus fixed fee contract with a 38-month period of performance.

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