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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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September 12, 2014
09:36 EDTEFXEquifax management to meet with JPMorgan
Meeting to be held in Boston on September 18 hosted by JPMorgan.
September 11, 2014
17:21 EDTEFXEquifax announces additional $400M share buyback program
Equifax Inc. announced that its board approved an additional $400M share repurchase authorization. This authorization is in addition to the previous authorization, which had $141.7M remaining as of June 30. The stock repurchase program does not have an expiration date and may be limited or terminated at any time without prior notice.

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