Leidos (LDOS) Closes Merger with Lockheed Martin's (LMT) IS&GS Business
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Leidos Announces Closing of The Merger With Lockheed Martin's IS&GS Business And Election Of Three New Directors
August 16, 2016 1:00 PM EDTRESTON, Va., Aug. 16, 2016 /PRNewswire/ --Â Leidos Holdings, Inc. (NYSE: LDOS) today announced the successful completion of the previously announced combination of Leidos with Lockheed Martin's Information Systems & Global Solutions (IS&GS) business in a Reverse Morris Trust transaction. The Leidos Board of Directors also announced the election of three new directors Gregory R. Dahlberg, Surya N. Mohapatra and Susan M. Stalnecker to serve on the Leidos board, which now has 12 directors.... More
Lockheed Martin Successfully Closes Transaction to Separate and Combine IT and Technical Services Businesses with Leidos
August 16, 2016 1:00 PM EDTBETHESDA, Md., Aug. 16, 2016 /PRNewswire/ --Â Lockheed Martin (NYSE: LMT) has completed the separation of its Information Systems & Global Solutions (IS&GS) business segment and merged it with a subsidiary of Leidos Holdings, Inc. (NYSE: LDOS). The transaction concludes Lockheed Martin's portfolio reshaping strategy announced last year and was finalized through a tax-efficient Reverse Morris Trust transaction.... More
Lockheed Martin Announces Preliminary Results of Exchange Offer for IT and Technical Services Businesses
August 16, 2016 11:16 AM EDTBETHESDA, Md., Aug. 16, 2016 /PRNewswire/ --Â Lockheed Martin (NYSE: LMT) announced today the preliminary results of its exchange offer for shares of Lockheed Martin common stock in connection with the previously announced transaction to separate its Information Systems & Global Solutions (IS&GS) business segment and combine it with Leidos Holdings, Inc. (NYSE: LDOS) in a tax-efficient Reverse Morris Trust transaction.... More
