SRA gets no counter offers for takeover

Tuesday - 5/3/2011, 2:58pm EDT

SRA International just can't find a better deal. The Washington Business Journal reports that SRA, an information technology contractor for the government, has not gotten any counter offers to its planned acquisition by Providence Equity Partners.

SRA agreed to be acquired for nearly $2 billion but it had 30 days to find a better deal. SRA says it contacted 50 parties but didn't get any alternative offers.

The acquisition by Providence still requires shareholder approval. It is expected to close this summer.

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