It never did seem like a spectacularly good idea when Burroughs Corp and Sperry Corp merged in 1986 to form Unisys Corp, promising never-to-be-seen turnover of $60bn. But for the second year running a motion by New York Investment firm Greenway Partners LP to split the firm into three (CI No 3,112) has been defeated. Shareholders voted approximately 60% against the motion, which aimed to split Unisys into hardware, software and services businesses. Chairman and chief executive James Unruh told shareholders the existing three-businesses/one company structure was working, and the company has made clear and substantial progress.
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