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Subsequent Events
6 Months Ended
Jun. 30, 2013
Subsequent Events [Abstract]  
Subsequent Events

15. SUBSEQUENT EVENTS

The Company has entered into an Agreement and Plan of Merger by and among the Company, Integrated Mission Solutions, LLC, a Delaware limited liability company (“IMS”), and a wholly owned subsidiary of IMS (“Merger Sub”), dated as of July 29, 2013 (the “Merger Agreement”), providing for the merger of Merger Sub with and into the Company, with the Company as the surviving corporation and a wholly owned subsidiary of IMS. IMS and Merger Sub are affiliates of DC Capital Partners, LLC (“DC Capital”). Pursuant to the Merger Agreement, and upon the terms and subject to the conditions thereof, Merger Sub will commence a cash tender offer to purchase all of the outstanding shares of the Company’s common stock at a price per share of $40.50. Closing of the tender offer is conditioned upon customary closing conditions, including the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. The transaction is expected to close late in the third quarter or early in the fourth quarter of 2013.

 

IMS’s customer base is primarily focused on the United States Intelligence Community, Department of State, Department of Defense, Department of Homeland Security, United States Army Corps of Engineers, and other federal agencies. DC Capital is a private investment firm headquartered in Washington, D.C. focused on making control investments in middle market companies that provide services and solutions to the United States government.