WeissLaw LLP Investigates Engility Holdings Inc. Acquisition

NEW YORK, Oct. 2, 2018 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Engility Holdings Inc. ("EGL" or the "Company") (NYSE: EGL) in connection with the proposed acquisition of the Company by Science Applications Corp. ("SAIC") ("NYSE: SAIC).  Under the terms of the merger agreement, EGL shareholders will be entitled to receive a fixed ratio of 0.450 shares of SAIC for each EGL share they own.  According to the acquisition announcement, this implies consideration of $40.44 per EGL share.

 

Owners of EGL shares wishing to discuss this investigation or having any questions concerning this notice or your rights or interests, please contact:

Joshua Rubin
WeissLaw LLP
1500 Broadway, 16^th Floor
New York, NY  10036
[phone]
[phone]
[e-mail]

Or visit our website
http://www.weisslawllp.com/engility-holdings-inc/

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WeissLaw is investigating whether EGL's Board acted to maximize shareholder value prior to entering into the agreement.  Notably, the acquisition will secure SAIC's position as the second largest technology integrator in government services.  Additionally, according to the acquisition announcement, the deal will also accelerate SAIC's growth, and expand its portfolio.  Finally, upon closing, EGL shareholders will hold a meager 28% of the newly combined company.

Given these facts, WeissLaw is investigating whether EGL's shareholders will obtain their fair and proportionate share of the Company's continued success and growth prospects.  If you own EGL shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at [phone] or by email at [e-mail].

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SOURCE WeissLaw LLP

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