Why Unisys Stock Just Popped 41.5%
Unisys Corporation (NYSE: UIS), an IT company with a $705 million market capitalization at yesterday's closing price, just agreed to sell its federal government contracting division to SAIC (NYSE: SAIC) for $1.2 billion.
It almost goes without saying that investors think this is a great deal. This morning, Unisys shares are up 41.5% as of 10:30 a.m. EST in reaction to the news.
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Source Fool.com
