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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (3043)	5/19/1998 11:21:00 AM
From: Robert	Read Replies (1) \| Respond to of 25711

Hey Joe did you see the news on QTEC, If not here ya go.... CACI Intl <CACI.O> to acquire Questech <QTEC.O> ARLINGTON, Va., May 19 (Reuters) - CACI International Inc. on Tuesday said it has signed a letter of intent to acquire QuesTech Inc. for about $42 million, including the assumption of existing debt. CACI will buy all of the outstanding stock of QuesTech, a Falls Church, Virginia-based information technology company, for $18-3/8 per share in cash. The agreement assumes the disposition by QuesTech of their wholly owned subsidiary, QuesTech Packaging Inc., which is involved in commercial packaging techniques, CACI said. The CACI offer has been approved by QuesTech's board and is contingent upon the signing of a definitive agreement, regulatory review, approval by CACI's board and the approval of QuesTech's shareholders. The transaction, which CACI hopes to close in three to four months, will be financed through bank borrowings. "QuesTech's value-added capabilities will enhance CACI's solutions offering, and will provide further technology and customer diversification," said J.P. (Jack) London, Chairman and CEO of CACI International, in a statement. CACI International Inc is an information technology products and services provider. Robert...