Lockheed Declines as IT Spinoff Profit Boost Trails ForecastBy
Defense contractor repurchased fewer shares than expected
Stock falls by most since Jan. 2014 as transaction completed
Lockheed Martin Corp. tumbled the most in more than two years after disclosing that a $4.6 billion spinoff of its information-technology division to Leidos Holdings Inc. would provide less of an earnings boost than investors expected.
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