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April 25, 2007
Top Stories
ACS GETS REVISED OFFER...Affiliated Computer Services, Inc. has received a revised proposal from Darwin Deason, Chairman of the Board of ACS, and Cerberus Capital Management, L.P., to acquire, for a cash purchase price of $62 per share, all of the outstanding shares of the company's common stock, other than certain shares and options held by Deason and members of the company's management team that would be rolled into equity securities of the acquiring entity in connection with the proposed transaction.
UNISYS POSTS FIRST QUARTER PROFIT...Unisys Corp. earned $3.6 million, or a penny per share, for the first quarter, up from a loss of $27.9 million, or 8 cents per share, in the same period a year ago. The company also announced plans for around of job cuts in the U.S. and the U.K.
EXECUTIVE CHANGES AT MERCER HR...Mercer HR Services announced that Mary P. Tinebra, 47, who has played an integral role in the growth of the firm’s outsourcing business, has been appointed Global Leader of Sales and Alliances. To further strengthen the leadership team and support service delivery for both clients and their employees, Sean D. Andersen has joined Mercer HR Services as the Leader of Organizational Effectiveness Practices, and Joe Mehringer has joined as the Total Retirement Product Manager.
CHANGES AT HEWITT...Hewitt Associates, Inc. has named Jay C. Rising to president of the company’s HR outsourcing business. Additionally, within Hewitt’s benefits outsourcing business, Steven N. Fein has been appointed to the newly created position of sales and product strategy leader, and Robert D. Thomas has joined to lead client implementations, reporting to Rohail Khan, who continues as leader of operations.
CONWAY HEADS ACS FEDERAL SOLUTIONS...Timothy C. Conway has been named Senior Vice President and Managing Director of Federal Solutions in the Government Solutions Group of Affiliated Computer Services, Inc. 9ACS). He reports directly to Tom Burlin, ACS Executive Vice President and Chief Operating Officer in charge of Government Solutions.
Posted by jbowles at April 25, 2007 03:59 PM
