SAIC recommends that investors reject TRC mini-tender offer

|By:, SA News Editor

Science Applications (SAIC) recommends that shareholders reject a mini-tender offer of $35.35 a share from TRC Capital, as the bid is below SAIC's closing price on Friday of $37.78.

TRC is offering to purchase 700,000 shares.

SAIC's stock has been on a decent run since mid-December, when it was down at $30.94. (PR)