An investigation on behalf of investors of Dynamics Research Corporation (NASDAQ:DRCO) in connection with the proposed takeover was announced and NASDAQ:DRCO stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 12/30/2013 -- An investigation on behalf of investors, who currently hold shares of Dynamics Research Corporation (NASDAQ:DRCO) shares, was announced concerning whether the takeover of Dynamics Research Corporation by Engility Holdings, Inc. for $11.50 per share is unfair to NASDAQ:DRCO stockholders.
Investors who purchased shares of Dynamics Research Corporation and currently hold any of those NASDAQ:DRCO shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Dynamics Research Corporation breached their fiduciary duties owed to NASDAQ:DRCO investors in connection with the proposed acquisition.
On December 23, 2013, Engility Holdings, Inc. and Dynamics Research Corporation announced that they have entered into an agreement under which Engility Holdings, Inc will acquire Dynamics Research Corporation. Under the terms of the agreement, Engility Holdings, Inc. will commence a tender offer for all outstanding shares of Dynamics Research Corporation common stock at a price of $11.50 in cash for each outstanding share.
However, the investigation concerns whether the $11.50-offer is unfair to NASDAQ:DRCO stockholders. More specifically, the investigation concerns whether the Dynamics Research Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
On December 27, 2013, NASDAQ:DRCO shares closed at $11.46 per share.
Those who are current investors in Dynamics Research Corporation shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Joelle Day
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com