Author: Jane Edwards|| Date Published: May 8, 2018
DXC Technology™s (NYSE: DXC) board of directors has scheduled May 25 as the record date for the planned spinoff of its U.S. public sector business as a separate, publicly traded company that will operate as Perspecta.
DXC shareholders will get one share of Perspecta common stock for every two shares of the former company™s common stock held on the May 25 record date under the distribution.
Perspecta is expected to begin trading on the New York Stock Exchange on June 1 under the ticker symbol œPRSP.
DXC originally announced the proposed spinoff and merger of USPS with KeyPoint and Vencore in October 2017 in order to form a new government information technology services contractor.
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DXC Technology™s (NYSE: DXC) board of directors has scheduled May 25 as the record date for the planned spinoff of its U.S. public sector business as a separate, publicly traded company that will operate as Perspecta.
