Actionable Opportunities in Special Situations: Spinoffs, Bankruptcy, Restructurings

Spin-Off

Exelis $XLS spinoff Vectrus will occur by Summer of 2014

Exelis (XLS) announced yesterday that the new publicly traded military and government services company that will result from the planned spin-off will be named Vectrus. Exelis previously announced the planned spinoff of its Mission Systems division, currently part of the company’s Information and Technical Services segment, in December 2013.

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