OREANDA-NEWS. May 24, 2016.
Booz Allen Hamilton Holding Corporation ("
Booz Allen")(
NYSE: BAH), the
parent company of management and technology consulting and engineering
services firm
Booz Allen Hamilton Inc., today announced the sale of an
aggregate of 13,000,000 shares of Class A common stock ("common stock")
on an underwritten basis by an affiliate of The Carlyle Group
("Carlyle") to
Morgan Stanley & Co. LLC, as the underwriter in a
registered offering of these shares (the "offering").
The last reported sale price of Booz Allen's common stock on May 23,
2016 was \\$29.01 per share. Morgan Stanley & Co. LLC intends to offer the
shares of common stock to the public at a fixed price, which may
be changed at any time without notice.
Upon completion of the offering, Carlyle will own approximately 11.3% of
the outstanding common stock of Booz Allen. The offering is expected to
close and settle on May 27, 2016. Booz Allen is not selling any shares
of common stock in the offering and will not receive any of the proceeds.
A shelf registration statement (including a prospectus) relating to the
offering of the common stock has previously been filed with the U.S.
Securities and Exchange Commission and has become effective. Before
investing, interested parties should read the prospectus and other
documents filed with the Securities and Exchange Commission for
information about Booz Allen and this offering. You may get these
documents for free by visiting EDGAR on the SEC Web site at www.sec.gov.
Alternatively, a copy of the prospectus may be obtained from the
underwriter at: Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor,
New York, NY 10014, Attn: Prospectus Department.
This press release shall not constitute an offer to sell or the
solicitation of any offer to buy, nor shall there be any sale of these
securities in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to the registration or qualification under the
securities laws of such jurisdiction.
About Booz Allen Hamilton
Booz Allen Hamilton (NYSE: BAH) has been at the forefront of strategy
and technology for more than 100 years. Today, the firm provides
management and technology consulting and engineering services to leading Fortune
500 corporations, governments, and not-for-profits across the globe.
Booz Allen partners with public and private sector clients to solve
their most difficult challenges through a combination of consulting,
analytics, mission operations, technology, systems delivery,
cybersecurity, engineering, and innovation expertise.
With international headquarters in McLean, Virginia, the firm employs
approximately 22,600 people globally, and had revenue of \\$5.41 billion
for the 12 months ended March 31, 2016.
Forward Looking Statements
This press release contains, or may be deemed to contain,
"forward-looking statements" (as defined in the U.S. Private Securities
Litigation Reform Act of 1995). In some cases, you can identify
forward-looking statements by terminology such as "guidance," "may,"
"will," "could," "should," "forecasts," "expects," "intends," "plans,"
"anticipates," "projects," "outlook," "believes," "estimates,"
"predicts," "potential," "continue," "preliminary," or the negative of
these terms or other comparable terminology. These statements give Booz
Allen's current expectation of future events or its future performance
and do not relate directly to historical or current events. A number of
factors could cause Booz Allen's future actions and related results to
vary from any expectations or goals expressed in, or implied by, the
forward-looking statements included in this press release, possibly to a
material degree. In particular, there can be no assurances that the
offering by Carlyle will be consummated. Some of these factors include,
but are not limited to, the risk factors set forth in Booz Allen's
Annual Report on Form 10-K, filed with the Securities and Exchange
Commission on May 19, 2016. All forward-looking statements included in
this press release speak only as of the date made, and, except as
required by law, Booz Allen undertakes no obligation to update or revise
publicly any such forward-looking statements, whether as a result of new
information, future events, or otherwise.
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