After months of news drought, Unisys (UIS) tipped the scale and announced the sale of its US Federal business for $1.2b to Science Applications International Corp. (SAIC) and capitalizing on the recently strong operating performance of the business. The valuation multiples indicate significant premiums to Unisys's trading multiples in excess of 5x and 7x on adj. EBITDA and sales. With the sale proceeds, Unisys is targeting a reduction in its financial debt and immense unfunded pension liability. The stock price almost doubled in value as investors celebrated the transaction. The company