Odyssey Investment affiliate acquires SM&A for $6.25 per share

By Lisa Kerner

Charlotte, N.C., Dec. 29 - SM&A announced it was acquired by an Odyssey Investment Partners, LLC affiliate after SM&A stockholders approved the deal at a special meeting on Dec. 29.

It was previously reported that SM&A, a Newport Beach, Calif., competition management services company, agreed to be acquired by Odyssey for $6.25 per share in cash in a deal valued at $119.6 million.

SM&A's stock will no longer trade on the Nasdaq Stock Market.

Caltius Mezzanine provided financing for the transaction, including senior notes, senior subordinated notes and an equity co-investment, SM&A said.

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