DXC Technology Receives Early Termination of Hart-Scott-Rodino Waiting Period in Connection with Vencore and Keypoint Acquisitions, USPS Merger-Spin-off
TYSONS, Va.--(BUSINESS WIRE)-- DXC Technology (NYSE: DXC) has announced that on Dec. 22, 2017, the U.S. Federal Trade Commission (FTC) granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) with respect to the previously announced pending acquisitions of Vencore Holding Corporation and KeyPoint Government Solutions and their merger combination with DXC’s U.S. Public Sector Business (USPS) in connection with the contemplated spin-off of USPS to DXC shareholders.
Information regarding the early termination is published on the FTC’s public website. The termination of the waiting period under the HSR Act satisfies one of the conditions to the closing of the pending transaction, which remains subject to the spin-off of the USPS business and other customary conditions.
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DXC Technology (DXC: NYSE) is the world’s leading independent, end-to-end IT services company, helping clients harness the power of innovation to thrive on change. Created by the merger of CSC and the Enterprise Services business of Hewlett Packard Enterprise, DXC Technology serves nearly 6,000 private and public sector clients across 70 countries. The company’s technology independence, global talent and extensive partner network combine to deliver powerful next-generation IT services and solutions. DXC Technology is recognized among the best corporate citizens globally. For more information, visit dxc.technology.
All statements in this press release that do not directly and exclusively relate to historical facts constitute forward-looking statements, including statements regarding our intention to separate the company into two, independently publicly traded companies and expected benefits to be realized as a result of the separation. There is no assurance as to the timing of the separation or whether it will be completed. These statements represent DXC Technology’s intentions, plans, expectations and beliefs, and no assurance can be given that the results described in such statements will be achieved. These statements are subject to risks, uncertainties, and other factors, many outside of DXC’s control, that could cause actual results to differ materially from the results described in such statements. For a description of these factors, please see DXC’s most recent Quarterly Report on Form 10-Q.
Source: DXC Technology