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  • Thursday, April 25, 2024

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.

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