SAIC Board of Directors Approves Spin-Off of its Services Business; Will Change Name to Leidos Holdings; Immediately AfterSseparation, Leidos to Effectuate a 1:4 Reverse Stock Split

SAIC (NYSE: SAI ) today announced that its Board of Directors has approved the separation of its technical, engineering and enterprise information technology services business and declared a pro rata dividend to its stockholders, effective after market close on Friday, September 27, 2013 (the "distribution date"), of all of