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Leidos Combination With Lockheed Martin’s IT Segment Clears Regulatory Hurdle

Cal Biesecker By
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Leidos Combination With Lockheed Martin’s IT Segment Clears Regulatory Hurdle
Leidos Chairman and CEO Roger Krone. Photo: Leidos

Leidos [LDOS] on Tuesday said waiting period has expired for the federal government’s antitrust review of the company’s pending $5 billion acquisition of Lockheed Martin’s [LMT] Information Systems & Global Solutions (IS&GS) segment.The transaction is structured as a Reverse Morris Trust, which allows Lockheed Martin to avoid paying taxes on any gains associated with divesting IS&GS. Lockheed Martin is getting $1.8 billion in cash and $3.2 billion in Leidos stock, which will allow it to have a 50.5 percent share…

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