CSRA is a company that provides technical information on health care and public health, and national security to various government entities. Recently the company disclosed that CACI International gave them an unsought offer. The proposal indicated that CACI International wishes to purchase all the remaining shares that CSRA has on its common stock in exchange for CACI common shares of stock and cash. The CACI common shares of stock will be determined on a set exchange proportion of 0.184 per share on common stock of CACI per individual shares of CSRA common shares stock plus cash that is equivalent for $15.00 per stake. The total value of stock and cash is at par to around $44.00/share, which is calculated on CACI’s closing value at $157.45 last March 16, 2018.
It has been announced beforehand on the 12th of February 2018, that due to the uncontested approval of the board of directors of the company, CSRA made a plan of agreement with General Dynamics where a company owned by General Dynamics decided to purchase all the remaining common stock of CSRA in cash at $40.75/share. The offer made is due to end by 11:59 in the evening by 2nd April, New York time, except if it is terminated at an earlier time or extended to a later time or date as specified in the merger contract.
For the time being, CSRA stands by the Merger arrangement made with General Dynamics, and its Directors of the Board did not make an endorsement to CSRA shareholders to give up their common CSRA stock shares in accordance with the proposal made by CACI.
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