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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the expiration of the offer, a total of approximately 9,025,528 DRC shares were validly tendered in the offer and not withdrawn, representing approximately 86% of the outstanding common stock of DRC.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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February 26, 2015
12:38 EDTEGLEngility Holdings announces completion of TASC acquisition
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February 23, 2015
14:03 EDTEGLEngility Holdings shareholders approve acquisition of TASC
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February 20, 2015
17:05 EDTEGLEngility declares $207M condiitional special cash dividend upon mergers closing
Engility Holdings announced that its board has declared a special cash dividend, conditioned upon the satisfaction or waiver of all conditions to closing its pending business combination with TASC. The special cash dividend will be in an aggregate amount of approximately $207M, with the per share amount of the special cash dividend to be determined based on Engilityís fully diluted share count immediately prior to closing. It is currently anticipated that the per share amount of the special cash dividend will be approximately $11.46. The special cash dividend will be payable in cash to Engility shareholders of record as of the close of business on the last business day immediately prior to the effective date of the proposed mergers. In order to receive the special cash dividend, Engility shareholders must hold their shares of Engility common stock through the date of the closing of the mergers.
08:04 EDTEGLEngility Holdings wins $27.6M contract to provide product, technical support
Engility Holdings announced it has been awarded a $27.6M contract to provide product and technical support for the development and testing of the Naval Avionics Platform Integration Emulator systems for U.S. Navy platforms. NAPIE systems enable rapid integration of cutting-edge prototype technologies, such as sensors or algorithms, into existing platforms. The work will be done for the Air Traffic Control Systems Division, Naval Air Warfare Center, Aircraft Department Patuxent River, MD. Under this contract, which represents a continuation of previous work, Engility will provide program management, engineering services, system architecture, guidance quality analysis, test planning, flight test data analysis, and field support to the NAWCAD/ATC Systems Division. Work under this cost-plus-fixed-fee award will be performed over five years.

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