RADNOR, Pa., Oct. 24, 2018 (GLOBE NEWSWIRE) — Kaskela Law LLC is investigating Science Applications International Corporation (NYSE: SAIC) (“SAIC”) of behalf of the Company’s stockholders.
Additional information about this investigation may be found at http://kaskelalaw.com/case/saic/.
On September 10, 2018, SAIC announced that it had entered into an agreement to acquire Engility Holdings Inc. (NYSE: EGL) in an all-stock transaction. According to the announcement, SAIC has agreed to exchange 0.450 shares of newly-issued SAIC common stock for each share of Engility common stock, in a transaction valued at $2.5 billion. Since the time of that announcement, shares of SAIC’s common stock have declined over 20% in value.
The investigation seeks to determine whether the proposed transaction as structured is fair to SAIC and its stockholders, and whether SAIC stockholders are being provided with all required material information necessary to evaluate and vote on the proposed transaction.
SAIC stockholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (888) 715 – 1740, or via email at email@example.com, to discuss this investigation and their legal rights and options. Additional information about this investigation may also be found at http://kaskelalaw.com/case/saic/.
Kaskela Law LLC exclusively represents stockholders in state and federal actions throughout the country. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com. This notice may constitute attorney advertising in certain jurisdictions.