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Cerberus To Acquire DynCorp International In $1.5 Billion Deal

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By Calvin Biesecker DynCorp International, Inc., [DCP] yesterday said it has agreed to be acquired by the private equity firm Cerberus Capital Management, L.P., for $1.5 billion, including debt. Terms of the deal permit DynCorp to pursue another buyer over the next four weeks and at anytime respond to unsolicited proposals. If DynCorp's terminates the merger, it must pay Cerberus a $30 million fee and up to $12 million of the firm's transaction expenses under specified circumstances, according to filing…

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