NEW YORK, Sept. 12, 2018 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Engility Holdings Inc. (“Engility” or the “Company”)
(NYSE: EGL) stock prior to September 10, 2018.
You are hereby notified that Levi & Korsinsky, LLP has commenced
an investigation into the fairness of the sale of Engility to
Science Applications International Corp. (“SAIC”) (NYSE: SAIC). Under the terms of the transaction, Engility shareholders will
receive 0.450 shares of SAIC common stock for each share of Engility stock they own. Based on the closing price of SAIC stock on
September 7, 2018, this represents a value of approximately $40.44 per share. To learn more about the action and your
rights, go to:
https://www.zlk.com/mna/engility-holdings-inc
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There
is no cost or obligation to you.
The Engility merger investigation concerns whether the Board of Engility breached their fiduciary duties to stockholders by
failing to adequately shop the Company before agreeing to enter into this transaction, and whether SAIC is underpaying for Engility
shares, thus unlawfully harming Engility shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys
have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the
nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders.
For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Eduard Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
