Knobias Clip Report (08-27-2008) SINT
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Submitted By Knobias ClipReport
SINT: Serco to Acquire for $32 Per Share in Cash
By Fain Hughes, fhughes@knobias.com
Serco Inc., the U.S.-based division of international service company Serco Group plc, and SI International, Inc. (SINT) have entered into a definitive merger agreement. Under the agreement, Serco will acquire SI International for $32 per share in cash, or an aggregate purchase price on a fully diluted share basis of approximately $423 million. Serco will also assume SI International’s debt, which, at June 28, 2008, was $87.3 million, net of cash.
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