According to Reuters, Engility Holdings (EGL) seeking strategic alternatives

  • July 12, 2018

POTENTIAL DEAL DETAILS

Stock Engility Holdings, Inc. Symbol EGL
Date Announced 07/12/2018 Source Reuters
Type News Report
Date of Confirmation: 09/10/2018 Price at Confirmation: $36.20
Potential Profit: 3.52% Annualized Profit: 21.40%

U.S. defense contractor Engility Holdings Inc (EGL) is exploring a sale, amid a wave of consolidation in the U.S. government services sector, three people familiar with the matter said on Wednesday.

Update(s):

September 10, 2018: Science Applications International Corp (SAIC) said on Monday it has agreed to acquire Engility Holdings Inc (EGL) for $1.5 billion in stock, a deal that will turn it into the second-largest U.S. government services contractor.

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