Computer Sciences (CSC) Tops Q2 EPS by 12c

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Computer Sciences (CSC) Approves Spin-Off of U.S. Public Sector Business Under CSRA Inc. Name

November 4, 2015 4:50 PM EST

CSC (NYSE: CSC) today announced that its Board of Directors has approved proceeding with the previously announced separation of its U.S. public sector business under a new name, CSRA Inc., as well as the declaration of a special cash distribution of $10.50 in the aggregate per CSC share (the Special Dividend). The separation will occur through a one-for-one pro rata distribution of all CSRA shares to CSC stockholders.

Following its separation from CSC, CSRA is expected to complete its previously announced combination with SRA International (SRA) on November 30, 2015, subject to satisfaction of the... More