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GD Holds Firm On Price For CSRA Despite Higher Counteroffer By CACI

GD Holds Firm On Price For CSRA Despite Higher Counteroffer By CACI

General Dynamics [GD] late Sunday night said it is sticking with the terms of its $9.6 billion cash offer to acquire CSRA, Inc. [CSRA] despite a nearly $10.4 billion unsolicited bid by CACI International [CACI] for CSRA consisting of stock and cash.GD said its offer, which was agreed to by CSRA in February, is superior to CACI’s for a number of reasons, including being less risky given it is all cash while CACI’s bid is a hybrid of stock, just…

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