CDI Corporation

CDI Corp. to be Acquired by AE Industrial Partners for $8.25 Per Share in Cash

PHILADELPHIA, July 31, 2017 /PRNewswire/ — CDI Corp. (NYSE: CDI) (“CDI”, or the “Company”), a leading provider of  engineering, information technology, and staffing solutions, today announced that it has entered into a definitive agreement  to be acquired by affiliates of AE Industrial Partners, LLC (“AEI”), a private equity investor specializing in aerospace, power  generation, and specialty industrial companies. Pursuant to the agreement, AEI will acquire all of the outstanding shares of  the Company’s common stock for $8.25 per share in an all-cash tender offer and follow-on merger. The agreement was unanimously approved by the Company’s Board of Directors following a review of strategic alternatives that the Company announced in March 2017. In addition, shareholders representing 26% of shares outstanding have entered into tender and support agreements.

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