Unisys Corp. (UIS) Confirms Agreement to Sell Its U.S. Federal Business to SAIC (SAIC) for $1.2 Billion
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Unisys to Sell Its U.S. Federal Business to SAIC for $1.2 Billion, or 13x Adjusted EBITDA, a Significant Premium to Unisys' Trading Multiple; Preliminary Full-Year 2019 Unisys Results Indicate Company
February 6, 2020 6:30 AM ESTBLUE BELL, Pa., Feb. 6, 2020 /PRNewswire/ -- Unisys Corporation (NYSE: UIS), a leader in digital transformation solutions, today entered into a definitive agreement to sell the company's U.S. Federal business to Science Applications International Corp. (SAIC) (NYSE: SAIC) for $1.2 billion. The transaction multiple of approximately 13x LTM 9/30/19 Adjusted EBITDA(5) represents a significant premium to Unisys' trading multiple. Net proceeds... More
