SAIC [SAI] yesterday said its board of directors has approved the long-planned spinoff of its technical, engineering and enterprise information technology services business after the market close on Sept. 27, just over a year after the company announced plans to split into two separate publicly traded companies. The roughly $4 billion services business, which will retain the SAIC name, will trade on the New York Stock Exchange under the stock ticker symbol “SAIC.” The $7 billion national security, health and…
SAIC’s Board Approves Split Later This Month
Defense Daily Staff
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