Seeking Alpha

SAIC recommends that investors reject TRC mini-tender offer

  • 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)
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