SRA Announces End of "Go-Shop" Period

SRA International, Inc. SRX today announced the expiration of the 30-day “go-shop” period pursuant to the terms of the previously announced definitive merger agreement, entered into on March 31, 2011, between SRA International and affiliates of Providence Equity Partners. Under the terms of the merger agreement, SRA and its subsidiaries and their respective representatives had the right to initiate, solicit and encourage any alternative acquisition proposals from third parties until 12:01 a.m., New York City time, on April 30, 2011. During the “go-shop” period, at the direction of the special committee of SRA's board of directors, the financial advisor to the special committee contacted 50 parties, including 29 strategic parties and 21 financial sponsors, to solicit interest in a possible alternative transaction. Despite these solicitation efforts, SRA did not receive any alternative acquisition proposals during the “go-shop” period.