Tag Archives: merger

Lockheed Eyes Further Share Count Cut Via Leidos Transaction, to Use Cash Dividend for Stock Buyback

Lockheed Martin (NYSE: LMT) envisions further reductions in its outstanding share count after the merger of its information systems and global solutions business into Leidos Holdings (NYSE: LDOS) completes on its scheduled closure date of Aug. 16, Lockheed Chief Financial Officer Bruce Tanner told investors Tuesday. Tanner’s comment to analysts in the company’s second …

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Leidos CEO Roger Krone to Lead Briefings With Employees From Lockheed IS&GS

TYSONS CORNER, VA, June 23, 2016 — Leidos (NYSE: LDOS) Chairman and CEO Roger Krone will lead town hall meetings with incoming employees from Lockheed Martin‘s (NYSE: LMT) information systems and global solutions business ahead of the close of a $5 billion deal to acquire the latter, ExecutiveBiz reported Monday. Forbes reported …

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Mike Lawrie: CSC Has ‘All Options’ on Table for HPE’s US Public Sector Arm Post-Merger

Computer Sciences Corp. (NYSE: CSC) CEO Mike Lawrie told investors Tuesday the company will consider an undefined range of options regarding Hewlett-Packard Enterprise‘s (NYSE: HPE)’s U.S. public sector business in conjunction with CSC’s merger into HPE’s enterprise services segment. Tysons, Virginia-based CSC is subject to a two-year non-compete agreement in the federal government field …

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Dell, EMC to Name Future Combined Firm ‘Dell Technologies’

Dell and EMC (NYSE: EMC) have announced their integrated enterprise information technology company will do business as Dell Technologies once the process of their estimated $67 billion merger is complete. “Our vision is a strategically aligned family of businesses that brings together customers’ entire infrastructure, from hardware to software to services, from the edge to the …

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Roger Krone: SETA Service Contracts Minimal in Leidos-Lockheed IS&GS Combination

The merger of Leidos Holdings (NYSE: LDOS) with Lockheed Martin‘s (NYSE: LMT) information systems and global solutions business involves “one or two” contracts for systems engineering and technical assistance service work that has largely been spun out of the latter company, Leidos CEO Roger Krone told investors Tuesday. Krone said Lockheed shifted …

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Tim Conway: NTT Data, Dell Federal Services Units’ Merger to Drive Business Synergy

TYSONS CORNER, VA, April 4, 2016 — Tim Conway, public sector president for NTT Data (NYSE: NTT), has said the company’s advisory and application innovation services is complementary with Dell‘s cloud computing, business process outsourcing and technology portfolio, ExecutiveBiz reported Friday. Conway told ExecutiveBiz in an interview that the potential $3.05 billion …

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Roger Krone: Leidos Seeks Diversified Client Base, Cultural Balance Post Lockheed IS&GS Merger

TYSONS CORNER, VA, April 1, 2016 — Roger Krone, chairman and CEO of Leidos (NYSE: LDOS), has said the company aims to further market expansion efforts through its merger with Lockheed Martin‘s (NYSE: LMT) information systems and global solutions business, ExecutiveBiz reported Thursday. Krone told Forbes in an interview published Wednesday that Leidos will …

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David Keffer: Long-Term View, Cultural Integration Key to CSRA’s Strategy Post-Merger

TYSONS CORNER, VA, March 31, 2016 — David Keffer, chief financial officer of CSRA (NYSE: CSRA), has indicated that contract recompetes and extensions are part of the company’s growth strategy as it moves forward in its first year of trading on the New York Stock Exchange, ExecutiveBiz reported Wednesday. “[A] lesson …

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Michael Dell Unveils Leadership Moves in Dell-EMC Combination

Dell and Massachusetts-based data storage vendor EMC (NYSE: EMC) will implement a new senior management structure upon closing of their approximately $67 billion merger. Michael Dell told employees in a memo Tuesday the integrated company will have an executive group that will comprise current CEOs of the VMware, SecureWorks, Pivotal and Virtustream businesses. Jeremy Burton will serve as …

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FTC Approves Dell’s $67B EMC Purchase

The Federal Trade Commission has given Dell the green light to continue its approximately $67 billion cash-and-stock acquisition of enterprise data storage company EMC (NYSE: EMC). FTC approved the potential EMC-Dell combination after a 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act expired Monday, EMC said Tuesday. “Our teams are …

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