Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Engility Holdings Inc. (NYSE: EGL) to Science Applications International Corp. (“SAIC”) (NYSE: SAIC). Under the terms of the transaction, Engility shareholders will receive 0.450 shares of SAIC common stock for each share of Engility stock they own. Based on the closing price of SAIC stock on September 7, 2018, this represents a value of approximately $40.44 per share.
The Engility merger investigation concerns whether the Board of Engility breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether SAIC is underpaying for Engility shares, thus unlawfully harming Engility shareholders.
To receive more information, please fill out the form.