DC Capital Delays $397M Tender Offer For Engineering Co.

Law360, New York (August 30, 2013, 3:47 PM EDT) -- Turns out the day before Labor Day weekend isn't the ideal time to launch a tender offer. A DC Capital Partners-backed company has extended a Friday deadline to begin a $397 million bid for engineering firm Michael Baker Co., a deal struck in July.

Integrated Missions Systems Inc., DC Capital's platform for engineering- and defense-related acquisitions, said in a regulatory filing that it now had until Sept. 6 to file definitive tender documents for Michael Baker, which it is buying for $40.50 per share.

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