SRA Closes “Go-Shop” Period

SRA International Inc. announced the closing to their 30-day “go-shop” period.  The “go-shop” period commenced on March 31 and ended on May 2.  During this period SRA did not receive any alternative purchase proposals to counter the April 2  Providence Equity Partners contract.

The deal was an all-cash transaction, and promises SRA shareholders $31.25 for each share of common stock.  This transaction is expected to close on July 1, 2011, which is during the first quarter of SRA’s 2012 fiscal year.

 

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