SRA International Tops 9% Following Merger With Providence E
Shares of SRA International (SRX) are up 9.5%, or $2.68, to $31.04 after it announced it has entered into a definitive merger agreement under which SRA will be acquired by an affiliate of Providence Equity Partners in an all-cash transaction. Pursuant to terms of the agreement, SRA shareholders will receive $31.25 in cash for each share of common stock, for a total value of approximately $1.88 billion.
Credit: Financial News Network
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