DXC says deal with Vencore, KeyPoint is moving forward

By Marjorie Censer / December 28, 2017 at 9:06 AM

DXC Technology announced this week the Federal Trade Commission has advanced its deal to combine its U.S. public sector business with Vencore and KeyPoint Government Solutions.

DXC, the company created by combining Computer Sciences Corp. with Hewlett Packard Enterprise's enterprise services business, in October announced it would create a new publicly traded company through the combination of the three businesses. At the time, DXC forecast the resulting company would be established by the end of March.

In this week's announcement, DXC said the FTC has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. This move “satisfies one of the conditions to the closing of the pending transaction.”

However, it noted the deal “remains subject to the spin-off of the [U.S. public sector] business and other customary conditions.”