HERNDON, Va., Sept. 07, 2022 (GLOBE NEWSWIRE) — ManTech International Corporation (Nasdaq: MANT) (“ManTech” or the “Company”), a number one supplier of revolutionary applied sciences and options for mission-critical nationwide safety applications, at this time introduced that its stockholders authorized a proposal to undertake the merger settlement entered into between the Company and Carlyle (NASDAQ: CG) at a Special Meeting of Stockholders held on September 7, 2022. As beforehand introduced, beneath the phrases of the transaction, ManTech stockholders will obtain $96.00 per share in money.
“We thank our stockholders for their strong support of this transaction,” mentioned ManTech Chairman, Chief Executive Officer and President Kevin M. Phillips. “We look forward to completing the transaction with Carlyle to deliver immediate and premium value to our stockholders, stronger outcomes for our customers and more opportunities for our employees.”
Over 99% of the votes forged on the Special Meeting have been voted to undertake the Merger Agreement. ManTech will present last vote outcomes for the Special Meeting, as licensed by the unbiased Inspector of Election, on a Form 8-Ok with the U.S. Securities and Exchange Commission.
The closing of the proposed transaction stays topic to sure customary closing circumstances. Pending satisfaction of such circumstances, the transaction is anticipated to shut throughout the week of September 12, 2022.
Advisors
Goldman Sachs & Co. LLC is serving as unique monetary advisor and King & Spalding LLP is serving as authorized counsel to ManTech in reference to the transaction.
Robert W. Baird & Co. is serving as monetary advisor and Latham & Watkins LLP is serving as authorized advisor to Carlyle in reference to the transaction.
About ManTech International Corporation
ManTech supplies mission-focused expertise options and companies for U.S. federal authorities businesses. In business for greater than 53 years, we excel in full-spectrum cyber, knowledge assortment & analytics, enterprise IT, techniques engineering and software program utility growth options that assist nationwide and homeland safety. Additional info on ManTech will be discovered at www.mantech.com.
Cautionary Statement Regarding Forward-Looking Statements
This communication comprises sure forward-looking statements regarding ManTech and the proposed transaction between ManTech and Carlyle. All statements apart from statements of reality, together with info regarding future outcomes, are forward-looking statements. These forward-looking statements are typically recognized by the phrases “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “could” or comparable expressions. Such forward-looking statements embrace, however are usually not restricted to, the shortcoming to acquire required regulatory approvals or fulfill different circumstances to the closing of the proposed transaction; surprising prices, liabilities or delays in reference to the proposed transaction; the prevalence of any occasion, change or different circumstances that would give rise to the termination of the transaction; the numerous transaction prices related to the proposed transaction and different dangers which will imperil the consummation of the proposed transaction, which can outcome within the transaction not being consummated throughout the anticipated time interval or in any respect; detrimental results of the announcement, pendency or consummation of the transaction in the marketplace value of ManTech’s frequent inventory or working outcomes, together with because of modifications in key buyer, provider, worker or different business relationships; the danger of litigation or regulatory actions; the shortcoming of ManTech to retain and rent key personnel; the danger that sure contractual restrictions contained within the business mixture settlement throughout the pendency of the proposed transaction might adversely have an effect on ManTech’s capability to pursue business alternatives or strategic transactions; and failure to take care of ManTech’s relationship with the U.S. authorities, or the failure to compete successfully for brand new contract awards or to retain current U.S. authorities contracts throughout the pendency of the transaction.
Forward-looking statements are based mostly on present expectations and assumptions, that are topic to dangers and uncertainties which will trigger precise outcomes to vary materially from these expressed in or implied by such forward-looking statements. Given these dangers and uncertainties, individuals studying this communication are cautioned to not place undue reliance on such forward-looking statements. ManTech assumes no obligation to replace or revise the knowledge contained on this communication (whether or not because of new info, future occasions or in any other case), besides as required by relevant legislation.
Contacts:
A photograph accompanying this announcement is out there at https://www.globenewswire.com/NewsRoom/AttachmentNg/dc25889e-7150-4d0d-b0b9-594ed81fdc44
