Unisys to Sell Its U.S. Federal Business to SAIC for $1.2 Billion, or 13x Adjusted EBITDA, a Significant Premium to Unisys' Trading Multiple; Preliminary Full-Year 2019 Unisys Results Indi...
Unisys Corporation New (UIS)
Last unisys corporation new earnings: 5/2 04:01 pm
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Source: PR Newswire
BLUE BELL, Pa., Feb. 6, 2020 /PRNewswire/ -- Unisys Corporation (NYSE: UIS), a leader in digital transformation solutions, today entered into a definitive agreement to sell the company's U.S. Federal business to Science Applications International Corp. (SAIC) (NYSE: SAIC) for $1.2 billion. The transaction multiple of approximately 13x LTM 9/30/19 Adjusted EBITDA(5) represents a significant premium to Unisys' trading multiple. Net proceeds are largely expected to be used to pay down debt and reduce pension obligations, thereby significantly improving Unisys' balance sheet, its U.S. pension funded status and overall financial flexibility. The transaction was unanimously approved by the Unisys Board of Directors and is expected to close in the first half of 2020, subject to customary closing conditions.Unisys' U.S. Federal business represents more than 1,900 associates, with approximately $689 million in revenue for the LTM period ended September 30, 2019. "This transaction comes at a si
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UIS
News
- Rosen Law Firm Encourages Unisys Corporation Investors to Inquire About Securities Class Action Investigation - UISPR Newswire
- Unisys Corporation Announcement: If You Have Suffered Losses in Unisys Corporation (NYSE: UIS), You Are Encouraged to Contact The Rosen Law Firm About Your RightsGlobeNewswire
- Unisys Recognized Among Top Employers in Asia-Pacific by Financial Times for Employee ExperiencePR Newswire
- Unisys Recognized Among Top Employers in Asia-Pacific by Financial Times for Employee Experience [Yahoo! Finance]Yahoo! Finance
- Unisys Recognized Among Top Employers in Asia-Pacific by Financial Times for Employee ExperiencePR Newswire
UIS
Earnings
- 10/29/24 - Miss
UIS
Sec Filings
- 12/5/24 - Form 8-K
- 10/30/24 - Form 10-Q
- 10/30/24 - Form 8-K
- UIS's page on the SEC website