HSR wait ends in planned merger of Serco, SI International

By Lisa Kerner

Charlotte, N.C., Oct. 17 - The Hart-Scott-Rodino waiting period has expired in the proposed merger of Serco Group plc and SI International, Inc., it was announced on Friday.

In August, SI agreed to be acquired by Serco for $32 per share in cash in a deal valued at about $423 million.

According to an SI International news release, the company's stockholders will vote on the merger agreement on Nov. 13.

The proposed transaction is expected to be completed before the end of 2008.

Serco Inc. is a Reston, Va.-based government contractor. Its customers include the Department of Defense, U.S. intelligence and security agencies and federal civilian agencies.

SI International provides information services, technology and network solutions primarily to the federal government. The company is also located in Reston, Va.

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