logo
Plus   Neg
Share
Email

SAIC - Unisys Federal Deal Gets U.S. Antitrust Approval

Science Applications International Corp. (SAIC) and Unisys Corp. (UIS) announced the expiration of Hart-Scott-Rodino waiting period for SAIC's acquisition of Unisys Federal, an operating unit of Unisys.

The companies said they are working together to close the transaction promptly as the deal received all approvals.

Last month, Unisys Corp. agreed to sell its U.S. Federal business to Science Applications International Corp. for $1.2 billion.

Unisys Federal is a provider of infrastructure modernization, cloud migration, managed services, and enterprise IT-as-a-service through scalable and repeatable solutions to U.S. federal civilian agencies and the Department of Defense.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Retail giant Walmart announced that back-to-school essentials are available at its stores with easy, contact-free shopping options. The announcement comes as the Trump administration initiated a campaign to press state authorities to reopen schools for Fall semester, even as COVID-19 pandemic is spreading out of control in the United States. Schools across the country remain shut since March. Bed Bath & Beyond, Inc. is planning to close around 200 mostly Bed Bath & Beyond stores over the next two years amid continuing struggles with Covid-19. The home improvement retailer, which reported a wider-than-expected loss in its first quarter with sharply lower sales, said the move is part of its plans to right-size its real estate portfolio and to cut costs. United Airlines has warned that 36,000 employees or about 45% of its U.S. workforce could be furloughed in October, due to continuing losses caused by the coronavirus pandemic and collapse in air travel, according to reports citing the company's memo sent to employees.
Follow RTT