SAIC Inc Trades Up On News Of Plans To Split The Company – ValueWalk Premium

SAIC Inc Trades Up On News Of Plans To Split The Company

SAIC, Inc. (NYSE:SAI) is up almost 4.5% today to $12.34 in response to the company’s announcement that it will split into two public companies. SAIC, Inc. (NYSE:SAI) is a major IT contractor to government agencies such as the Department of Defense and intelligence agencies.

According to the press release, the intention is spin off government technical services and enterprise information technology into a newly-formed company, whose 100% shares would be issued to SAIC shareholders . . .

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