CSC bags DynCorp in £600m deal

Computer Sciences Corporation (CSC) is expanding its security business by buying DynCorp in a deal valued at around $950m...

Computer Sciences Corporation (CSC) is expanding its security business by buying DynCorp in a deal valued at around $950m (£600m).

DynCorp focuses on the large defence, security and civil markets, offering systems and network integration, defence logistics and maintenance services.

CSC will pay $15 in cash and $43 in CSC shares for each DynCorp share and assume $273m in DynCorp debt. The deal is backed by the boards of directors of both companies, but has still to be approved by DynCorp shareholders and is subject to customary conditions, CSC said.

More than 23,000 DynCorp employees will join CSC's Federal Sector unit, which has about 15,000 employees, CSC said.

CW+

Features

Enjoy the benefits of CW+ membership, learn more and join.

Read more on Antivirus, firewall and IDS products

0 comments

Oldest 

Forgot Password?

No problem! Submit your e-mail address below. We'll send you an email containing your password.

Your password has been sent to:

-ADS BY GOOGLE

SearchCIO

SearchSecurity

  • Dissecting the Hack

    In this excerpt from chapter three of Dissecting the Hack: The V3RB0TEN Network, authors Jayson E. Street, Kristin Sims and Brian...

  • Digital Identity Management

    In this excerpt of Digital Identity Management, authors Maryline Laurent and Samia Bousefrane discuss principles of biometrics ...

  • Becoming a Global Chief Security Executive Officer

    In this excerpt of Becoming a Global Chief Security Executive Officer: A How to Guide for Next Generation Security Leaders, ...

SearchNetworking

SearchDataCenter

SearchDataManagement

Close