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.


Comments are closed.

Subscribe to The DailyGet federal business news & insights delivered to your inbox.