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The split was structured in a way that SAIC changed its name to Leidos, then spun off the new SAIC as a separate publicly traded company. However, Leidos is the legal successor of the original SAIC and retains SAIC's pre-2013 stock price and corporate filing history.
Following the split, Anthony J. Moraco was appointed CEO of SAIC, and John P. Jumper was appointed CEO of Leidos. The primary motivation for the spinoff was the conflicts of interest provisions in the Federal Acquisition Regulation which prevented the company from bidding on some new contracts because of existing contracts.
SAIC has struggled in recent years, with SAIC stock having posted sharp declines in 2011 and 2012 in response to adverse conditions among companies relying on the federal government for ...
John Robert Beyster (July 26, 1924 – December 22, 2014), often styled J. Robert Beyster, was an American scientist and entrepreneur, and the founder of Science Applications International Corporation. [1] He was Chairman of the Board until his retirement in July 2004, and served as chief executive officer (CEO) until November 2003.
First, splits make company stock more affordable to everyday investors by reducing the price of an individual share. Second, splits increase the number of shares on the market. The Amazon and ...
While the market driven by short-term sentiment influenced by the accommodative interest rate environment in the US, virus news and stimulus spending, many smart money investors are starting to ...
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