Lockheed Valuing CSC at $12 Billion

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Lockheed Martin Corp. and three private-equity firms are considering offering $64 to $65 a share for Computer Sciences Corp., valuing the El Segundo-based computer-services company at about $12 billion, the Wall Street Journal reported on Tuesday.


The price being discussed is more than a 25 percent premium to Computer Sciences’ Monday closing price of $51.25.


Negotiations between the two sides are at an early stage and there isn’t any guarantee a final deal will be completed, the paper said.


The Journal first reported that private equity companies were looking to buy Computer Sciences on Oct. 26. Two days later, the paper said Lockheed was part of the group, which includes Warburg Pincus LLC, Blackstone Group LP and Texas Pacific Group.


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