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Management Buyout of SRA International Investigated by Tripp Levy PLLC

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^{Published in Science and Technology on Friday, April 1st 2011 at 10:45 GMT by Market Wire}  

NEW YORK--([ BUSINESS WIRE ])--Tripp Levy PLLC, a leading national securities law firm, announces an investigation into the proposed acquisition of SRA International, Inc. (NYSE: SRX). SRA announced that it has entered into a definitive merger agreement under which SRA will be acquired by an affiliate of Providence Equity Partners. Pursuant to terms of the agreement, SRA shareholders will receive $31.25 in cash for each share of common stock. SRA Founder and Chairman Dr. Ernst Volgenau, who owns approx. 71% of SRAa™s voting stock, has agreed to vote in favor of the transaction and will roll over a portion of his existing SRA equity interest and continue to be a significant shareholder in the privately held company, as well as Chairman of the SRA Board.

The investigation concerns, among other things, whether the consideration to be paid to SRA shareholders is unfair, inadequate, and substantially below the fair or inherent value of SRA. Indeed, analysts have projected that SRAa™s true going forward value is at least $35 per share. The investigation further concerns whether Dr. Ernst Vogenau as well as the board of directors of SRA may have breached their fiduciary duties by not acting in SRA shareholders' best interests in connection with the sale process of SRA.

If you own SRA common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact

Tripp Levy
Tripp Levy PLLC
125 East 82^nd Street
9^th Floor
New York, New York
Toll Free: 877-772-3975
Email: [ contact@tripplevy.com ]

Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States.

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