SRA International just can’t find a better deal. The Washington Business Journal reports that SRA, an information technology contractor for the government, has not gotten any counter offers to its planned acquisition by Providence Equity Partners.
SRA agreed to be acquired for nearly $2 billion but it had 30 days to find a better deal. SRA says it contacted 50 parties but didn’t get any alternative offers.
The acquisition by Providence still requires shareholder approval. It is expected to close this summer.
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Tom Temin is the host of The Federal Drive, which airs from 6-8 a.m. on 1500 AM in the Washington, D.C. region and online everywhere. Tom has 30 years experience in journalism, mostly in technology markets. Before coming to Federal News Radio, he was a long-serving editor-in-chief of Government Computer News and Washington Technology magazines.