saic

SAIC to Buy Rival Engility for USD 1.5 Billion

SAIC to Buy Rival Engility for USD 1.5 Billion

Science Applications International Corp. (NYSE: SAIC) said on Monday it will acquire Engility Holdings, Inc. (NYSE: EGL) for USD 1.5 Billion in stock, a deal that will turn it into the second-largest independent U.S. government services contractor.E..