Friday, June 30, 2006

CSC Ends Exploration of Possible Sale

Via The Los Angeles Times.

Computer Sciences Corp. said Thursday that its directors authorized the repurchase of nearly one-fifth of its common stock, ending the company's process to explore a possible sale of the business or other "strategic alternative."

The El Segundo-based company also said the Securities and Exchange Commission had made an informal request for information related to its stock option grants and option practices.

More here.

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