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Stock Market & Financial Investment News

News Breaks
December 3, 2012
08:01 EDTCSC, EFXCSC to sell credit services unit for $1B to Equifax
As part of its transformation initiative to rebalance its portfolio of services and focus on next-generation technology solutions and services, CSC (CSC) has reached a definitive agreement with Equifax (EFX) for the sale of its credit services unit for $1B in cash. The after-tax proceeds from the sale of the business will be approximately $750 - $800 million based on preliminary plans. CSC intends to use $300M-$400M to repurchase shares, contribute $300M-$400M to its pension plans and apply the remainder to general corporate purposes. The companies anticipate closing of the transaction by the end of the calendar year after concluding regulatory reviews. This deal marks CSC’s second divestiture in six weeks.
News For CSC;EFX From The Last 14 Days
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July 23, 2014
16:39 EDTEFXEquifax raises FY14 adjusted EPS view to $3.83-$3.91 from $3.75-$3.89
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16:37 EDTEFXEquifax sees Q3 adjusted EPS 96c-99c, consensus 98c
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16:35 EDTEFXEquifax reports Q2 adjusted EPS 96c, consensus 94c
Reports Q2 revenue $613.9M, consensus $615.86M.

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