LONDON, Jan 23 (Reuters) - British services company Serco has made a $2 billion bid for U.S. defence consulting firm SRA International Inc, the Sunday Telegraph reported, adding the bid had been rebuffed but Serco was 'sweetening' its offer.
If the deal goes through, it would make Serco, which manages services for Britain's schools and armed forces and runs prisons and rail services, the biggest foreign company providing services to the U.S. government, the newspaper said.
'Serco confirms that it is not in any discussions regarding any major transaction at this time,' the company said in a statement.
SAR is a Fairfax, Virginia-based defence consulting firm.
Serco, advised by UBS, was thought to have made its initial offer some weeks ago, the newspaper said.
'It is still very early days,' the paper quoted a 'senior source' as saying.
There was no immediate response from a spokeswoman for SAR.
(Writing by Michael Roddy) Keywords: SERCO/SRA (karolina.tagaris@thomsonreuters.com; +44 207 542 4878) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
If the deal goes through, it would make Serco, which manages services for Britain's schools and armed forces and runs prisons and rail services, the biggest foreign company providing services to the U.S. government, the newspaper said.
'Serco confirms that it is not in any discussions regarding any major transaction at this time,' the company said in a statement.
SAR is a Fairfax, Virginia-based defence consulting firm.
Serco, advised by UBS, was thought to have made its initial offer some weeks ago, the newspaper said.
'It is still very early days,' the paper quoted a 'senior source' as saying.
There was no immediate response from a spokeswoman for SAR.
(Writing by Michael Roddy) Keywords: SERCO/SRA (karolina.tagaris@thomsonreuters.com; +44 207 542 4878) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.