NEW YORK, Oct. 2, 2018 /PRNewswire/
-- WeissLaw LLP is investigating possible
breaches of fiduciary duty and other violations of law by the Board
of Directors of Engility Holdings Inc. ("EGL" or the "Company")
(NYSE: EGL) in connection with the proposed acquisition of the
Company by Science Applications Corp. ("SAIC") ("NYSE: SAIC).
Under the terms of the merger agreement, EGL shareholders will be
entitled to receive a fixed ratio of 0.450 shares of SAIC for each
EGL share they own. According to the acquisition
announcement, this implies consideration of $40.44 per EGL share.
Owners of EGL shares wishing to discuss this
investigation or having any questions concerning this notice or
your rights or interests, please contact:
Joshua
Rubin
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212)
682-3025
(888)593-4771
stockinfo@weisslawllp.com
Or visit our
website
http://www.weisslawllp.com/engility-holdings-inc/
Or follow us on Twitter
@MarketsAlert
WeissLaw is investigating whether EGL's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, the acquisition will secure SAIC's position as the second
largest technology integrator in government services.
Additionally, according to the acquisition announcement, the deal
will also accelerate SAIC's growth, and expand its portfolio.
Finally, upon closing, EGL shareholders will hold a meager 28% of
the newly combined company.
Given these facts, WeissLaw is investigating whether EGL's
shareholders will obtain their fair and proportionate share of the
Company's continued success and growth prospects. If you own
EGL shares and would like more information about your rights or our
investigation, or if you have information to share with us, please
contact Joshua Rubin by
telephone at (888) 593-4771 or by email at
stockinfo@weisslawllp.com.
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SOURCE WeissLaw LLP