Home / M&A Activity / FTC Clears Merger of DXC’s US Public Sector Business With Vencore, KeyPoint

FTC Clears Merger of DXC’s US Public Sector Business With Vencore, KeyPoint

The Federal Trade Commission has given antitrust approval to DXC Technology (NYSE: DXC) to merge its U.S. public sector business with Vencore and KeyPoint Government Solutions.

FTC issued Friday a notice of early termination of the required waiting period for the deal under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, DXC said Wednesday.

DXC originally announced the merger in October that seeks to create a “top five” independent, publicly traded government information technology services contractor.

The transaction is still subject to the spinoff of DXC’s USPS business and other customary closing conditions.

The companies expect to complete the transaction by the end of March.

Check Also

E-TAS Lands $97M Contract for Technical Support to DOE Portsmouth/Paducah Project Office

Enterprise Technical Assistance Services will provide technical support services to a Department of Energy project office that oversees environmental legacy cleanup efforts at Portsmouth and Paducah uranium enrichment sites under a potential $97.1M contract, according to a FedBizOpps notice posted Thursday.

HPE, NASA Develop ‘Aitken’ Supercomputer to Support Manned Lunar Missions

Hewlett Packard Enterprise (NYSE: HPE) has developed a supercomputer named after astronomer Robert Grant Aitken designed to help NASA’s Ames Research Center run modeling and simulations to support the space agency’s lunar missions.