On Thursday, Shares of Computer Sciences Corporation (NYSE:CSC), gained 0.77% to $61.61.
Computer Sciences Corporation declared that it has reached a definitive agreement to combine its government services unit, Computer Sciences Government Services (CSGov), with SRA upon the spin-off of that unit, plans for which were declared in May.
SRA is owned by a shareholder group led by Providence Equity Partners and SRA’s founder, Dr. Ernst Volgenau, in addition to members of its administration team. The transaction with SRA is targeted to close before the end of November 2015, upon the separation of CSC’s government services unit. That separation is intended to qualify as a tax-free transaction to CSC shareholders.
The combined company, to be named before closing, will become the largest pure-play IT services provider serving the U.S. government sector, with combined FY15 revenues of about $5.5 billion, nearly 19,000 employees and among the industry’s leading profit margins.
Computer Sciences Corporation provides information technology (IT) and professional services and solutions primarily in North America, Europe, Asia, and Australia. The company operates through Global Business Services, Global Infrastructure Services, and North American Public Sector segments.
Shares of Arista Networks Inc (NYSE:ANET), inclined 1.04% to $73.96, during its last trading session.
Arista Networks, unveiled at VMworld 2015, HP OneView support for its award-winning programmable network portfolio. The joint solution automates and integrates HP’s Converged Systems of servers and storage with Arista by seamlessly provisioning virtual infrastructure, allowing IT teams to dramatically improve operations while reducing costs and manual errors that cause downtime.
The solution utilizes the programmability of Arista EOS (Extensible Operating System) and its CloudVision suite to leverage HP OneView’s application programming interfaces (APIs) to automatically provision virtual local area network (VLAN) interfaces between HP Virtual Connect and Arista’s programmable platforms with no administrative intervention. In large scale cloud data center deployments, this translates into noteworthy savings in time and operational expense such as deployment, updating, migrating and troubleshooting. Time spent on these processes is reduced from hours or days to minutes.
“HP and Arista’s partnership is off to a successful start with HP winning deals from Arista opportunities. Arista brings a unique expertise to HP’s converged architecture by providing high performance networking for customers in the financial, government, and media and entertainment verticals. HP OneView provides a universal infrastructure administration platform that is flexible enough to scale from a single enclosure to the data center level and is optimized for infrastructure teams,” said Ric Lewis, Senior Vice President and General Manager, Converged Systems, HP. “Arista EOS interoperability with HP OneView will enable our joint customers to configure and manage the IT infrastructure in a more automated and efficient way. Customers are seeing high value in the joint solution and have already placed sizable orders in key vertical markets such as financial services and Enterprise SaaS.”
Arista Networks, Inc. provides cloud-networking solutions. The company offers extensible operating systems, a set of network applications, and Ethernet switches. It serves a range of industries, counting Internet companies, service providers, financial services organizations, government agencies, media and entertainment companies, and others.
At the end of Thursday’s trade, Shares of Constellium NV (NYSE:CSTM), gained 3.74% to $6.38.
Constellium, declared that the West Virginia Economic Development Authority (WVEDA) has approved partial financing of Constellium’s formerly communicated investment of $35 million at its Ravenswood plant. The $15 million, 15-year loan financing will contribute to the installation of a new, state-of-the-art 800 Kt furnace, primarily dedicated to the manufacturing of advanced aluminium alloys. The new equipment is due to start production mid-2016 and is predictable to significantly expand the plant’s ability to support the growth ambitions of Constellium’s aerospace customers.
“This new pusher furnace is predictable to enhance our high-quality service and product offering to aerospace customers,” stated Ingrid Joerg, President of Constellium’s Aerospace and Transportation business unit. “We are delighted to have such active support from the State of West Virginia. The Ravenswood plant employs more than 1,000 workers and provides work for several hundred contractors. It is the largest employer in Jackson County and one of the 100 largest private employers in the state,” Joerg added.
Constellium N.V. engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the aerospace, packaging, and automotive end-markets. The company operates in three segments: Aerospace & Transportation, Packaging & Automotive Rolled Products, and Automotive Structures & Industry.
Finally, ClubCorp Holdings Inc (NYSE:MYCC), ended its last trade with 1.99% gain, and closed at $23.57.
ClubCorp Holdings, –declared that its Board of Directors has declared a quarterly cash dividend of $0.13 per share payable on October 15, 2015 to all common stockholders of record at the close of business on October 1, 2015.
ClubCorp Holdings, Inc., a membership-based leisure company, owns and operates golf, country, business, sports, and alumni clubs in North America. It operates in two segments, Golf and Country Clubs; and Business, Sports, and Alumni Clubs.
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