Engility Announces Commencement of Tender Offer for All Outstanding Shares of Dynamics Research Corporation

CHANTILLY, Va.--(BUSINESS WIRE)--Engility Holdings, Inc. (NYSE:EGL) today announced the commencement of a tender offer for all of the outstanding shares of common stock of Dynamics Research Corporation (“DRC”) (NASDAQ: DRCO) for $11.50 per share in cash, without interest and subject to any required withholding taxes. The tender offer is being made pursuant to an Offer to Purchase, dated December 30, 2013, and in connection with the previously announced Agreement and Plan of Merger, dated December 20, 2013 (the “Merger Agreement”), among DRC, Engility Corporation and Engility Solutions, Inc.