Anteon Announces General Dynamics Extends Deadline to Close Acquisition
April 24 2006 - 4:54PM
Business Wire
Anteon International Corporation (NYSE:ANT) announced today that
General Dynamics has extended the April 30, 2006 deadline for
completing its proposed acquisition of Anteon to July 31, 2006,
under the terms of an acquisition agreement that was announced on
Dec. 14, 2005. The company extended the deadline because the U.S.
Department of Justice has not completed its review of the proposed
transaction as authorized by the Hart-Scott-Rodino Antitrust
Improvements Act of 1976. The companies are cooperating with the
Justice Department in its review. Anteon continues to anticipate
that the transaction will be completed by June 30, 2006, as
previously announced. About Anteon Anteon, headquartered in
Fairfax, Virginia, is a leading information technology company
serving the U.S. Federal government and international customers.
Anteon designs, integrates, maintains, and upgrades
state-of-the-art systems for national defense, intelligence,
homeland security, and other high priority government missions.
Anteon provides numerous government clients with the systems
integration, strategy and program management, systems engineering,
operations services, and simulation and training skills necessary
to manage the development and operations of their mission critical
systems. The Company was founded in 1976 and currently employs over
9,500 employees in more than 100 offices worldwide. Anteon
consistently ranks among the top information technology integrators
based on independent surveys, and has been named to the Forbes List
of the 400 Best Big Companies in 2006, earning distinction on the
Forbes Platinum List. Anteon is listed on the Standards &
Poor's MidCap 400 Index. For more information, visit
www.anteon.com. CAUTIONARY LANGUAGE CONCERNING FORWARD-LOOKING
STATEMENTS Statements herein regarding the proposed transaction
between Anteon International Corporation and General Dynamics
Corporation, the expected timetable for completing the transaction,
future financial and operating results, benefits and synergies of
the transaction, future opportunities for the combined company and
any other statements about Anteon International Corporation
management's future expectations constitute forward looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Such statements are based upon the current
beliefs and expectations of Anteon International Corporation's
management and are subject to significant risks and uncertainties.
There are a number of important factors that could cause actual
results or events to differ materially from those indicated by such
forward looking statements, including: the ability to obtain
governmental approvals of the transaction on the proposed terms and
schedule. Additional factors that may affect future results are
contained in Anteon International Corporation's filings with the
Securities and Exchange Commission ("SEC"), including its Annual
Report on Form 10-K for the year ended December 31, 2005, which are
available at the SEC's Web site (http://www.sec.gov). The
information set forth herein speaks only as of the date hereof, and
Anteon International Corporation disclaims any intention or
obligation to update any forward looking statements as a result of
developments occurring after the date hereof. IMPORTANT ADDITIONAL
INFORMATION FILED WITH THE SEC In connection with the proposed
transaction, Anteon International Corporation has filed a
definitive Proxy Statement with the SEC and has mailed such final
Proxy Statement to its stockholders. INVESTORS AND SECURITY HOLDERS
OF ANTEON INTERNATIONAL CORPORATION ARE URGED TO READ THE PROXY
STATEMENT AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC
BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT ANTEON
INTERNATIONAL CORPORATION, THE PROPOSED TRANSACTION AND RELATED
MATTERS. Investors and security holders of Anteon International
Corporation may obtain copies of the Proxy Statement, as well as
other filings with the SEC that may be incorporated by reference
into such documents, containing information about Anteon
International Corporation, without charge, at the SEC's Internet
site (http://www.sec.gov). These documents may also be obtained for
free from Anteon International Corporation by directing a request
to Anteon International Corporation, Investor Relations, 3211
Jermantown Road, Fairfax, Virginia 22030-2801 or at Anteon
International Corporation's Investor Relations page on its
corporate website at www.anteon.com.
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