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United States. Securities and Exchange Commission

ManTech International Corporation Announces Expiration of HSR Act Waiting Period

Strategic Insights

— 1 min read

ManTech International Corporation, a leading provider of innovative technologies and solutions for national security programs, announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (HSR Act), in connection with the proposed acquisition by The Carlyle Group, expired on June 20, 2022. This milestone satisfies a condition to the proposed acquisition, which is now subject to other customary closing conditions specified in the Agreement and Plan of Merger (Merger Agreement). ManTech's stockholders will be asked to approve the Merger at a meeting to be announced as promptly as practicable.

Key Takeaways:

  • The expiration of the HSR Act waiting period signifies a significant step towards the completion of the proposed acquisition by The Carlyle Group.
  • The acquisition remains subject to other customary closing conditions, including the adoption of the Merger Agreement by ManTech's stockholders.
  • The proposed transaction is expected to have no material impact on ManTech's relationship with the U.S. government or its ability to compete effectively for new contract awards.
  • The risks associated with the proposed transaction, including litigation or regulatory actions, may imperil the consummation of the deal.
  • ManTech's board of directors and management will continue to work diligently to complete the transaction and ensure a smooth transition for all stakeholders.

Statistics:

  • The waiting period under the HSR Act expired on June 20, 2022.
  • The proposed acquisition is subject to other customary closing conditions, including the adoption of the Merger Agreement by ManTech's stockholders.
  • The transaction costs associated with the proposed acquisition are expected to be significant.
  • ManTech's stockholders will be asked to approve the Merger at a meeting to be announced as promptly as practicable.

Sources:

  • ManTech International Corporation, NASDAQ, June 21, 2022. Form 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
  • The Carlyle Group Inc., [Source not explicitly stated in the original material, do not include].

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