SRA, Which is Being Sold to Providence Equity, Says Go-Shop Ends With No Bids
SRA International said Monday that a 30-day go-shop has ended. On March 31, SRA agreed to be sold to Providence Equity Partners for $31.25 a share cash. The parties, at that time, agreed to a go-shop where SRA could solicit interest from third parties. Fairfax, Va.-based SRA, which provides technology and strategic consulting services, said it contacted 50 parties, including 29 strategics and 21 financial sponsors, but didn't receive any alternative bids during the time period.
2 May 2011•6 mins read
