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Kingswood Closes Versar Acquisition, Names New CEO for Project Mgmt Firm

Versar has gone private after the close of its acquisition by an affiliate of investment firm Kingswood Capital Management via a tender offer of $0.15 per outstanding share and a second-step merger. The formerly publicly traded project management company said Tuesday the new capital structure serves to build on its long-term strategic goals. …

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HIG Completes Tender Offer for NCI Shares, Eyes Close of Acquisition on Aug. 15

Private investment firm H.I.G. Capital has closed a tender offer of $20.00 per outstanding share of NCI (Nasdaq: NCIT) common stock Saturday as part of the former’s pending $283 million cash acquisition of the Virginia-based government information technology firm. The companies said Monday the tender offer covers 7,424,366 shares of Class A common stock …

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Oracle to Begin 2nd Tender Offer Period for Remaining MICROS Shares

A subsidiary of Oracle (NASDAQ: ORCL) will begin a second tender offer period for shares of MICROS Systems (NASDAQ: MCRS) following the completion of the initial tender offer on Tuesday. Oracle said Wednesday that its Rocket Acquisition arm has tendered around 82.8 percent of the MICROS outstanding shares,  with the remaining shares expected to be acquired in the …

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Engility Finalizes Cash Tender Offer for DRC; Jim Regan Comments

Engility Holdings (NYSE: EGL) has completed a cash tender offer to acquire Dynamics Research Corp. (NASDAQ: DRCO) for $11.50 each. Eighty-six percent of DRC’s common stock or 9, 025, 528 shares have been tendered in the tender offer that expired Tuesday midnight, New York City time, Engility said Wednesday. Jim Regan, DRC’s …

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