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American CyberSystems acquires AIC for $6.45 per share or $35M

American CyberSystems and Analysts International Corporation announced they have signed a definitive agreement under which ACS will acquire AIC in a transaction valued at approximately $35M. Under terms of the agreement, ACS will commence a tender offer for all outstanding shares of AIC for $6.45 per share, in cash, which is a 62.1% premium over the average closing price for AIC over the past 30 days. AIC's Board of Directors unanimously approved the transaction and recommends that AIC's shareholders accept ACS's offer.