Debevoise Reps Providence In $2B SRA Buy

Law360, New York (April 1, 2011, 4:35 PM EDT) -- Technology services company SRA International Inc. announced Friday that Providence Equity Partners Inc. had agreed to pay $1.88 billion in cash to acquire the company and take it private.

The transaction is subject to SRA shareholder approval and is expected to close during the first quarter of the the company's 2012 fiscal year, which begins in July, SRA and Providence said in a statement.

SRA can still solicit proposals from other parties over the next month, and Providence has the right to match a superior proposal...
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