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Katten Represents Covansys' Special Committee in $1.3 Billion Acquisition by Computer Sciences Corporation

Firm News | April 27, 2007

NEW YORK - The law firm of Katten Muchin Rosenman LLP is pleased to have served as legal counsel to a Special Committee of independent directors of Covansys Corporation’s (NASDAQ: CVNS) Board of Directors, to evaluate an agreement by the IT services company to be acquired by Computer Sciences Corporation (NYSE: CSC). Based on the recommendation of the Special Committee, Covansys’ Board of Directors has approved the agreement and recommended that the company’s stockholders approve the merger.

Under the agreement, CSC will acquire Covansys for $34.00 per share in an all-cash transaction. The transaction is valued at approximately $1.3 billion and is expected to be earnings per share neutral to CSC during the first 12 months. The deal is expected to be completed during the second quarter of 2008.

David H. Landau, New York-based partners in Katten’s Corporate Practice, headed the Firm’s legal team in the transaction. Additional Katten attorneys involved in the deal included New York partners Jill E. Darrow and Edward J. Rayner as well as Chicago-based partner Michael J. Diver. New York-based associate Wendy Kreinen Modlin also assisted in this transaction.

Katten’s Corporate Practice encompasses mergers, acquisitions and divestitures, public and private debt and equity offerings, public company representation, REIT formation, institutional lending, securitizations, leveraged leasing, structured finance, start-up and venture capital financing, leveraged buy-outs, joint ventures and other strategic alliances, real estate finance, partnership tender offers and roll-ups and proxy contests.

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