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DynCorp Acquisition Official; Bill Ballhaus Comments

DynCorp International’s acquisition by Cerberus Capital Management is a done deal, the firm reports.

“With this announcement, DynCorp International enters an exciting new chapter, ” said Bill Ballhaus, DynCorp International’s President and Chief Executive Officer. “Built on six decades of trusted performance for the U.S. government, this solid foundation will only be strengthened by the operational and financial expertise that Cerberus brings. I look forward to continuing on our path of growth and excellence in the areas of defense, diplomacy and development.”

As a result of the merger, DynCorp International’s common stock will no longer be listed for trading on the New York Stock Exchange effective at the close of business on July 7, 2010.

To read more about Bill Ballhaus, click here.

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