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Computer Sciences Corporation divests Paxus to Adcorp Holdings

January 2013

Client(s) Computer Sciences Corporation

Jones Day advised Computer Sciences Corporation on the divestiture of Paxus, its Australian IT recruitment services unit, to Adcorp Holdings Limited (a JSE listed company and South Africa's largest employment services provider), for US$73.5 million. Jones Day assisted with the legal aspects of the separation of the business for sale from the broader CSC group, the drafting and negotiation of all transaction documents, and closing of the sale.

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