Divestiture Ordered for Computer Sciences
Computer Sciences Corp. must divest some of Mynd Corp.’s claims-assessment assets to win Federal Trade Commission approval for its $568-million proposed purchase of the financial-services and software company. The FTC said selling Mynd’s claims-assessment software and other intellectual property would settle charges that Computer Sciences’ acquisition will reduce competition. Shares of El Segundo-based Computer Sciences fell $3.50 to close at $66.19, while Blythewood, S.C.-based Mynd rose 19 cents to close at $14.56, both on the NYSE.
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