DI Press Releases


FALLS CHURCH, Va. (July 7, 2010) – DynCorpInternational Inc. (“DynCorp International”) today announced thecompletion of its acquisition by entities created by certainaffiliates of Cerberus Capital Management, L.P. (“Cerberus”).
“With this announcement, DynCorp International enters an excitingnew chapter,” said Bill Ballhaus, DynCorp International’s Presidentand Chief Executive Officer. “Built on six decades of trustedperformance for the U.S. government, this solid foundation willonly be strengthened by the operational and financial expertisethat Cerberus brings. I look forward to continuing on our path ofgrowth and excellence in the areas of defense, diplomacy anddevelopment.”
“Cerberus is pleased to be partnering with DynCorp International,”said Timothy F. Price, Cerberus Managing Director and spokesperson.”We look forward to the company’s continued success in serving itscustomers around the globe.”
Pursuant to the terms of the merger agreement, DynCorpInternational’s stockholders are entitled to receive $17.55 incash, without interest, less any applicable withholding taxes, foreach share of DynCorp International Class A common stock owned bythem. As a result of the merger, DynCorp International’s commonstock will no longer be listed for trading on the New York StockExchange effective at the close of business on July 7, 2010.
Stockholders of record will receive a letter of transmittal andinstructions on how to surrender their shares of DynCorpInternational common stock in exchange for the mergerconsideration. Stockholders of record should wait to receive theletter of transmittal before surrendering their shares.
About DynCorp International Inc.:
DynCorp International Inc., through its wholly-owned subsidiaryDynCorp International LLC, is a global government services providerin support of U.S. national security and foreign policy objectives,delivering support solutions for defense, diplomacy, andinternational development. DynCorp International operates majorprograms in logistics, platform support, contingency operations,and training and mentoring to reinforce security, communitystability, and the rule of law. DynCorp International isheadquartered in Falls Church, Va. For more information, visitwww.dyn-intl.com .
About Cerberus Capital Management, L.P.:
Cerberus Capital Management, L.P., along with its affiliates, isone of the world’s leading private investment firms withapproximately $23 billion under management in funds and accounts.Through its team of investment and operations professionals,Cerberus specializes in providing both financial resources andoperational expertise to help transform undervalued companies intoindustry leaders for long-term success and value creation. Cerberusis headquartered in New York City with affiliate and/or advisoryoffices in the United States, Europe, the Middle East and Asia. Formore information, visit www.cerberuscapital.com .