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SRA Doesn’t Find Alternate Buyer To Providence Equity

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SRA International [SRX] yesterday said its 30-day "go shop" period to find an alternate buyer for the company under terms of its $1.9 billion merger agreement last month with Providence Equity Partners has expired. SRA said it had contacted 50 parties, including 29 strategic parties and 21 financial sponsors, to solicit interest in a potential transaction for the company, but did not receive any alternative acquisition proposals during the go-shop period. The transaction is still subject to approval by a…

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