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A stock split is when a company decides to exchange its stock for more (and sometimes fewer) shares of its own stock, with the price per share adjusting so that there is no change in the overall ...
Following the split, Anthony J. Moraco was appointed CEO of SAIC, and John P. Jumper was appointed CEO of Leidos. [9] The primary motivation for the spinoff was the conflicts of interest provisions in the Federal Acquisition Regulation which prevented the company from bidding on some new contracts because of existing contracts. [10] [7]
The split was structured in a way that SAIC changed its name to Leidos, then spun off the new SAIC as a separate publicly traded company. However, Leidos is the legal successor of the original SAIC and retains SAIC's pre-2013 stock price and corporate filing history. [24]
A stock split sounds like a sophisticated concept, but in reality it's simply a financial engineering exercise. Let's look at how one works. Let's say a company has a stock price of $100 and has 1 ...
Avanade (/ ˈ æ v ə n ɑː d /) is a global professional services company providing IT consulting and services focused on the Microsoft platform with artificial intelligence, business analytics, cloud, application services, digital transformation, modern workplace, security services, technology and managed services offerings. [4]
The company completed a 10-for-1 stock split in June to make shares more affordable. Server manufacturer Super Micro Computer (NASDAQ: SMCI) has been an even bigger beneficiary of the AI boom.
1997, the company split from Advisory Board Company and opened a new office in London. [7] CEB went public in 1999 on the NASDAQ exchange at a time when most IPOs were the first generation of Internet startups. Unlike most of those companies, CEB was profitable, continued to grow, and ultimately achieved a valuation over $3 billion at its peak.
When a company announces a 1-10 reverse stock split, for example, it exchanges one share of stock for every 10 that a shareholder owns. So, if you own 1,000 shares of stock, after a 1-10 reverse ...