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.