HPE, CSC venture to be named DXC Technology

Friday 3 March 2017 | 08:43 CET | News
Hewlett Packard Enterprise is going ahead with the spin off of its services business and merger with CSC. Shareholders of record on 20 March will receive shares in the new services company, named Everett SpinCo, on a pro rata basis. After the spin-off, Everett will be merged with Computer Sciences Corporation. CSC stockholders will receive one share of Everett common stock for every one share of CSC. The new combined company will be renamed DXC Technology, with HPE shareholders holding 50.1 percent and CSC shareholders having 49.9 percent. HPE also announced that its remaining services

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Categories: Fixed / IT
Companies: CSC / Hewlett Packard Enterprise
Countries: World
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