Company: Science Applications International Corporation (SAIC)
Kaskela Law LLC is investigating Science Applications International Corporation (NYSE: SAIC) (“SAIC”) of behalf of the Company’s stockholders.
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 agreed to exchange 0.450 shares of SAIC common stock for each share of Engility stock, in a transaction valued at $2.5 billion (including the repayment of $900 million of Engility’s debt). Since the time of that announcement, shares of SAIC’s common stock have declined approximately $18.50 per share, or 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. Stockholders may also complete the information form on this page for additional information.