CSC Shareholders OK Combination With HPE Enterprise Services Segment

Shareholders at Computer Sciences Corp. (NYSE: CSC) have approved the pending merger of CSC with Hewlett Packard Enterprise‘s (NYSE: HPE) enterprise services segment.

CSC said Monday holders of approximately 84.92 percent of outstanding shares in the company voted in favor of the transaction.

HPE and CSC announced the proposed merger in May 2016 in a push to establish a global information technology services company that is expected to generate $26 billion in annual revenue.

CSC will disclose the final voting results in a Form 8-K document the company will file with the Securities and Exchange Commission.

The decision of CSC shareholders on the proposed merger came two weeks after the future combined entity named members of its senior management team as well as vice presidents and directors across its operating and corporate groups.

The company that will form out the merger will operate as DXC Technology upon the deal’s closure on April 3.

You may also be interested in...

Lynn Bamford President Curtiss-Wright segments

Lynn Bamford to Succeed David Adams as Curtiss-Wright CEO

Curtiss-Wright (NYSE: CW) plans to appoint Lynn Bamford, president of its defense and power segments, to become the corporation's president and CEO. She would succeed David Adams who plans to retire on Jan. 1, concluding the latter's seven-year tenure as CEO and over two decades of service with the company, Curtiss-Wright said Thursday.

John Ratcliffe Director ODNI

ODNI to Increase China Intell Spending by Nearly 20%; John Ratcliffe Quoted

The Office of the Director of National Intelligence said in a statement Thursday it has shifted resources in its fiscal year 2021 budget to increase intelligence spending on China by nearly 20 percent to help address concerns over economic, counterintelligence and national security threat posed by the East Asian country, The Wall Street Journal reported.