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Engility Deal For TASC Clears Shareholder Approval

Cal Biesecker By
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Engility Deal For TASC Clears Shareholder Approval
Engility President and CEO Tony Smeraglinolo. Photo: Engility

Engility Holdings [EGL] on Monday said its shareholders have approved the company’s pending $1.1 billion acquisition of TASC, Inc., which is expected to close on Feb. 26.Engility announced the all-stock transaction for fellow professional and technical services company TASC last October. Once the deal closes, Engility will have about $2.5 billion in annual sales.“We expect the TASC acquisition to accelerate our growth strategy, which is focused on further diversifying our customer base, adding substantial scale to our business, broadening our…

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