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2a. Perspecta spinoff    

Part of our step-by-step Stock Recovery Process to find and protect your stock. If you haven't gone through the previous steps, start here:   Employee Stock

(Updated Jan 31, 2021.)  Questions or comments to: info-stock@hpalumni.org

Announced 2021-01-27: Proposed purchase of Perspecta by Peraton. $29.35 cash per share (expected close by mid-2021) Details

If you owned DXC shares on May 25, 2018, you have been issued shares in a new company called "Perspecta" -- with corresponding adjustment in value of your DXC shares. (This is not reflected in the HPAA's stock cost basis spreadsheets.) Stock details - 5/7/18 and SEC filing

Perspecta is a new company -- spinning off the 6,500-employee U.S. Public Sector Business of DXC and merging it with 3,800-employee intelligence community contractor Vencore and 3,700-employee background investigation firm KeyPoint.

As detailed in the table below, the sequence is: 1. HP bought EDS. 2. HP spun off HPE. 3. The HPE spin/merge with CSC created DXC. 4. The DXC spin/merge with Vencore and KeyPoint created Perspecta.


Time to untangle your stock! No one but you really cares about your employment-related stock. You may have stock in up to seven HP-related companies (HPQ, HPE, A, KEYS, DXC, MFGP, PRSP.) Your stock may not all be in the same place. You may need to retrieve lost stock or dividends, find stray accounts, or estimate your cost basis. An HPAlumniteam has developed a step-by-step process to find and protect your stock. Employee Stock


Background:  Announcement - 10/11/17 and Transcript      Press release - 3/8/18      Press release - 6/1/18

Cost basis: DXC/Perspecta merger tax documentation  

"...you will not recognize income, gain or loss as a result..."  DXC/Perspecta tax basis letter 

Your broker may have used a different formula than the one suggested in the Cost Basis letter provided by the company -- resulting in a somewhat different value. Check your brokerage account online -- or by examining a recent account statement -- to view your holdings in each stock going forward.

Note 1. Yahoo Finance charts do not always accurately reflect stock splits and other events.

Stock information and contacts:

Perspecta transfer agent (and distribution agent for the spin/merge) is Equiniti.  (Source)
EQ Shareowner Services
P.O. Box 64874
St. Paul, MN 55164-0874
Phone: 800-468-9716

DXC: Check both official DXC pages:  Primary      Employees and Alumni

Unexpired HPE options: If you had unexpired HPE stock options and were transitioned to DXC, the HPE options in your Merrill Lynch account may have vanished in April 2017 -- with no notification. The HPE options were converted to DXC options and placed in a new Fidelity account. Presumably, something similar will be done for people transferred to Perspecta.

Fidelity: :If you have an existing HP 401(k) or personal brokerage account at Fidelity, go to http://netbenefits.com and use your existing username and password. Otherwise, call Fidelity at 1-800-457-4015 -- select "ESPP" -- on any business day (except NYSE holidays) between 8:30 a.m. and midnight Eastern time. Outside the U.S., call 1-508-787-9902 collect.

Perspecta corporate address:   (Source)
Perspecta Inc.
15052 Conference Center Drive
Chantilly, VA 20151

Phone: 571.313.6000


For more mutual help on this topic and many others, join the independent HP Alumni Association. If you were formerly a regular, direct employee of HP, HPInc, or HPE -- or are in the process of leaving -- join the HP Alumni Association. No charge, thanks to HPAA members.

As financial, legal, and personal advice must be tailored to the specific circumstances of each case, and finances and laws are constantly changing, nothing provided here should be used as a substitute for the personal advice of competent financial, legal, and personal advisors.


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