Investor Alert from Cauley Bowman Carney & Williams, PLLC: Update on Proposed Acquisition of DRS Technologies Inc. - DRS

LITTLE ROCK, Ark., May. 13 /PRNewswire/ --

LITTLE ROCK, Ark., May 13 /PRNewswire/ -- Cauley Bowman Carney & Williams, PLLC announces an investigation into the proposed acquisition of DRS Technologies Inc. ("DRS"). On May 13, 2008, DRS announced that it has entered into a definitive merger agreement with Italian aerospace and defense company Finmeccanica SpA. Under the terms of the proposal, DRS shareholders would receive $81.00 per share in cash for each share owned and DRS would no longer operate as a publicly traded company. The proposed merger cannot be completed without the approval of DRS shareholders.

Cauley Bowman Carney & Williams, PLLC

Cauley Bowman is a national law firm that represents investors in securities fraud and corporate governance class actions. It is one of the country's premier firms in the area of securities fraud having recovered billions of dollars for defrauded investors and secured significant corporate governance reforms. Cauley Bowman maintains in-house finance, forensic accounting specialists and extensive trial experience.

If you are a current shareholder of DRS Technologies Inc. and would like to be advised of your rights in this matter, you may contact Cauley Bowman Carney & Williams, PLLC at the phone number below.