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Lockheed Martin Initiates Stock Exchange Offer For IS&GS

Cal Biesecker By
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Lockheed Martin Initiates Stock Exchange Offer For IS&GS
Leidos Chairman and CEO Roger Krone. Photo: Leidos

Lockheed Martin [LMT] on Monday said the exchange offer is underway for the separation of its Information Systems & Global Solutions (IS&GS) segment, one more step in concluding the merger of the business with Leidos [LDOS].Under plans for the exchange offer, Lockheed Martin stockholders have the opportunity to exchange their shares of the company’s common stock for shares of Abacus Innovations Corporation, which is a subsidiary of Lockheed Martin created to facilitate the transaction. Once the merger with Leidos is…

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