$1.2 billion transaction significantly strengthens company's balance sheet and cash flow profile, increases operational flexibility; company expects to use net proceeds largely to pay down debt and reduce pension obligations Company promotes Eric Hutto to president and chief operating officer Unisys Corporation (NYSE: UIS) today announced the close of the sale of the … [Read more...] about Unisys Closes Sale of U.S. Federal Business to SAIC for $1.2 Billion
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