CACI withdraws offer to acquire CSRA [Seeking Alpha]
CSRA INC (CSRA)
Last csra inc earnings: 2/7 04:15 pm
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Source: Seeking Alpha
CACI withdraws offer to acquire CSRACACI International (NYSE:CACI) haswithdrawn its previously announced offer to acquire all outstanding shares of CSRA Inc. (NYSE:CSRA), for $44.00 per share in cash and stock.With regard to the decision to withdraw its offer, CACI Chief Executive Officer Kenneth Asbury commented, “CACI continues to believe that CACI and CSRA would be the superior strategic and financial business combination. The potential for such a high value and transformational transaction certainly warranted our pursuit of this unique opportunity. We will continue our aggressive pursuit of strategic opportunities, judiciously and without engaging in auctions at uneconomic levels.”Previously:CACI offers $44/share for CSRA, aiming to thwart General Dynamics (March 18)Click to subscribe to real-time analytics on CACINow read:Snyder's-Lance secures shareholder approval for Campbell Soup buyout »
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