S&P Places Leidos (LDOS) on Watch for Possible Downgrade (LMT)
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Lockheed Martin to Separate and Combine IT and Technical Services Businesses with Leidos
January 26, 2016 7:01 AM ESTBETHESDA, Md., Jan. 26, 2016 /PRNewswire/ --Â Lockheed Martin (NYSE: LMT) has entered into a definitive agreement to separate and combine its realigned Information Systems & Global Solutions (IS&GS) business segment with Leidos Holdings, Inc. (NYSE: LDOS) in a tax-efficient Reverse Morris Trust transaction, unlocking $5 billion in estimated enterprise value for Lockheed Martin stockholders.
"This strategic transaction is an important milestone in the portfolio reshaping strategy we announced in July 2015 and allows us to... More
