SAIC Completes Acquisition of Engility Holdings, Inc.
2019年1月15日 - 6:30AM
ビジネスワイヤ(英語)
Science Applications International Corp. (NYSE: SAIC) today
announced the successful completion of its merger with Engility
Holdings, Inc. (NYSE: EGL). The merger was previously approved by
SAIC and Engility stockholders at special meetings held on Jan. 11,
2019. Under the terms of the merger agreement, Engility became a
wholly-owned subsidiary of SAIC.
The combined company will retain the SAIC name and continue to
be headquartered in Reston, Virginia with Tony Moraco as CEO.
“With the acquisition of Engility, we are now a team of
23,000—driven by mission, united by purpose and inspired by
opportunity,” said Moraco. “Add to that five consecutive quarters
of organic revenue growth for SAIC and the trend is clear—we’re
thriving. We are now a bigger, stronger company executing our
long-term strategic plan, dedicated to exceeding customer
expectations and driving shareholder value.”
Each eligible share of Engility common stock issued and
outstanding immediately prior to the effective time of the merger
was converted into the right to receive 0.450 of a share of SAIC
common stock, with cash paid in lieu of any fractional shares. As a
result of the merger, Engility’s common stock will no longer be
listed for trading on the New York Stock Exchange and Engility will
no longer have reporting obligations under the Securities Exchange
Act of 1934.
About SAIC
SAIC is a premier technology integrator solving our nation’s
most complex modernization and readiness challenges across the
defense, space, federal civilian, and intelligence markets. Our
robust portfolio of offerings includes high-end solutions in
systems engineering and integration; enterprise IT, including cloud
services; cyber; software; advanced analytics and simulation; and
training. With an intimate understanding of our customers’
challenges and deep expertise in existing and emerging
technologies, we integrate the best components from our own
portfolio and our partner ecosystem to rapidly deliver innovative,
effective, and efficient solutions.
We are a team of 23,000 strong driven by mission, united
purpose, and inspired by opportunity. Headquartered in Reston,
Virginia, SAIC has annual revenues of approximately $6.5 billion.
For more information, visit saic.com. For ongoing news,
please visit our newsroom.
Forward-Looking Statements
Certain statements in this release contain or are based on
“forward-looking” information within the meaning of the Private
Securities Litigation Reform Act of 1995. In some cases, you can
identify forward-looking statements by words such as “expects,”
“intends,” “plans,” “anticipates,” “believes,” “estimates,”
“guidance,” and similar words or phrases. Forward-looking
statements in this release may include, among others, estimates of
future revenues, operating income, earnings, earnings per share,
charges, total contract value, backlog, outstanding shares and cash
flows, as well as statements about future dividends, share
repurchases and other capital deployment plans. Such statements are
not guarantees of future performance and involve risk,
uncertainties and assumptions, and actual results may differ
materially from the guidance and other forward-looking statements
made in this release as a result of various factors. Risks,
uncertainties and assumptions that could cause or contribute to
these material differences include those discussed in the “Risk
Factors,” “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” and “Legal Proceedings”
sections of our Annual Report on Form 10-K, as updated in any
subsequent Quarterly Reports on Form 10-Q and other filings with
the SEC, which may be viewed or obtained through the Investor
Relations section of our website at www.saic.com or on
the SEC’s website at www.sec.gov. Due to such risks,
uncertainties and assumptions you are cautioned not to place undue
reliance on such forward-looking statements, which speak only as of
the date hereof. SAIC expressly disclaims any duty to update any
forward-looking statement provided in this release to reflect
subsequent events, actual results or changes in SAIC’s
expectations. SAIC also disclaims any duty to comment upon or
correct information that may be contained in reports published by
investment analysts or others.
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version on businesswire.com: https://www.businesswire.com/news/home/20190114005798/en/
SAIC Media Contact:Lauren
Presti703.676.8982lauren.a.presti@saic.com
SAIC Investor Contact:Shane
Canestra703.676.2720shane.p.canestra@saic.com
Engility Holdings, Inc. (NYSE:EGL)
過去 株価チャート
から 5 2024 まで 6 2024
Engility Holdings, Inc. (NYSE:EGL)
過去 株価チャート
から 6 2023 まで 6 2024