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  • Friday, April 19, 2024

SAIC’s Unisys Federal Buy Inches Closer to Completion as Waiting Period Under Antitrust Law Ends

The required waiting period for Science Applications International Corp.’s (NYSE: SAIC) proposed acquisition of the federal arm of Unisys (NYSE: UIS) under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 expired Thursday, March 12.

The expiration comes without the release of a “second request” by the Department of Justice’s antitrust division and the Federal Trade Commission’s premerger notification office, the companies said in a joint release published Friday.

SAIC announced in early February that it agreed to acquire Unisys Federal for approximately $1.2B cash in an effort to expand digital transformation support for the U.S. government. SAIC said it expects to close the transaction by the end of the first quarter of its fiscal year 2021.

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