Virginia-based Leidos Holdings Inc. disclosed Tuesday that it will merge with most of the Information Systems & Global Solutions unit of military contractor Lockheed Martin, fashioning the defense industry's biggest pure-play enterprise focused on high-end technical services. The $5 billion transaction, structured as a tax-free Reverse Morris Trust, will give Lockheed Martin shareholders 50.5% of the equity in the combination, and Leidos shareholders the remainder. Lockheed Martin wil...
Virginia-based Leidos Holdings Inc. disclosed Tuesday that it will merge with most of the Information Systems & Global Solutions unit of military contractor Lockheed Martin, fashioning the defense industry's biggest pure-play enterprise focused on high-end technical services. The $5 billion transaction, structured as a tax-free Reverse Morris Trust, will give Lockheed Martin shareholders 50.5% of the equity in the combination, and Leidos shareholders the remainder. Lockheed Martin wil...
Share this Article
Recommended