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Stock Market & Financial Investment News

News Breaks
February 20, 2013
18:54 EDTCSCCSC to sell Southeast Asia reseller unit
CSC has reached a definitive agreement with a consortium comprising ITOCHU Techno-Solutions Corporation and ITOCHU Corporation for the sale of CSC's Enterprise Systems Integration unit, a reseller of enterprise hardware and software and a provider of maintenance services with operations in Malaysia and Singapore, for $90M in cash. This transaction, representing CSC's fourth divestiture within the last four months, furthers CSC's transformation strategy to rebalance its portfolio of services. The transaction is expected to close in March.
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