Shares of Computer Sciences Corporation (CSC) rose some 3.2% in Monday's trading session. The information technology company agreed to sell its Credit Services Business to Equifax for $1 billion in cash.
The Deal
Computer Sciences Corporations announced on Monday that it has agreed to sell its credit service business to Equifax for $1 billion in cash. The deal is part of the firm's transformation initiatives to rebalance the firm.
The credit service unit is the largest independent credit reporting agency of the US, and the unit has a longstanding relationship with Equifax.
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