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Leidos Expects Deal For IS&GS To Close On Aug. 16

Cal Biesecker By
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Leidos Expects Deal For IS&GS To Close On Aug. 16

Leidos [LDOS] on Thursday said it expects to close the transaction for Lockheed Martin’s [LMT] Information Systems & Global Solutions (IS&GS) business on Aug. 16 and plans to pay its shareholders of record a special cash dividend.The company said the dividend would be $13.64 per share, which will amount to about a $1 billion payment, and is conditioned on the transaction for IS&GS closing. Leidos said the dividend will be paid to stockholders on or about Aug. 22 to Leidos…

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