Aronson Capital Partners' Larry Davis Comments on Engility-TASC Deal

on Friday, 31 October 2014, Posted in News
M&A Advisor Speaks to Washington Technology

From Washington Technology:

"The overnight reviews are in, and it looks Engility’s planned $1.1 billion acquisition of TASC is a hit.

At least when you look at the reaction on Wall Street, where Engility’s stock (trading under the EGL ticker) were up nearly 12 percent on the news that company had signed an agreement to buy TASC from General Atlantic and Kohlberg Kravis Roberts & Co., its private equity owners.

The acquisition fits the strategy Engility has followed since it was spun out of L-3 Communications in 2012..."

Read the full article with comments from ACP's Larry Davis