Actionable Opportunities in Special Situations: Spinoffs, Bankruptcy, Restructurings

Activist Target

Computer Sciences Corporation (CSC) announces spinoff, special dividend

Computer Sciences Corporation (CSC) today announced that its Board of Directors has unanimously approved a plan to separate the company into two publicly traded, pure-play leaders: one to serve commercial and government clients globally and one to serve public sector clients in the U.S. Concurrent with the separation, CSC intends to pay a special cash dividend to shareholders of $10.50 per share at closing, which is expected by October 2015. Source

We previously covered the company in February, when Activist hedge fund Jana Partners announced a 5.9% stake in Computer Sciences (CSC) and the company said it was exploring “strategic alternatives.” Link

Get Documents via Email

Document search By Category