Anteon Acquisition Review Extended by Request for Additional Information
11 March 2006 - 9:29AM
Business Wire
Anteon International Corporation (NYSE:ANT), announced today that
it, together with General Dynamics Corporation (NYSE:GD), has
received a request from the Department of Justice (DOJ) for
additional information in connection with the previously announced
proposed acquisition of Anteon by General Dynamics. Both companies
are cooperating with the government authorities and intend to
address the request promptly. The request extends the waiting
period imposed by the Hart-Scott-Rodino Antitrust Improvements Act
of 1976 during which the DOJ conducts its review of a proposed
transaction. While Anteon does not know when the DOJ will complete
its review, Anteon continues to anticipate that the transaction
will close by the end of the second quarter of 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 and the failure of Anteon International
Corporation stockholders to approve the transaction. 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, 2004, 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 WILL BE
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 WHEN THEY ARE
AVAILABLE BECAUSE THEY WILL 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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