IT management giant DXC confirms takeover interest
BPO and IT services multi-national DXC Technology has confirmed it is in contact with a"financial sponsor" that is interested in buying the business, amid indications that Baring Private Equity Asia is the suitor.when CSC and Hewlett Packard Enterprise merged, but the combined scale has failed to stop the business shrinking as customers switch to the cloud.following an expression of interest in the company. At least one private equity specialist was understood to be involved.
"Management remains focused on the company's transformation journey. Consistent with its fiduciary responsibility to maximize shareholder value, the company is engaged in preliminary discussions." No formal offer has yet been received to date, DXC said, and"there are no assurances that any proposal will be received or determined to be adequate by the board of directors." No further comment will be made until DXC"deems additional disclosure to be appropriate or required."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
King Charles enjoys bittersweet horseracing achievementTuesday saw the first horse to wear the Royal silks baring His Majesty's name win a race, marking an emotional occasion for the new king
Read more »
Saudi Arabia PIF Newcastle United takeover - Just a very good investment rather than SportswashingSaudi Arabia PIF Newcastle United takeover - Just a very good investment rather than Sportswashing nufc
Read more »
Lingard the harbinger of Steve Cooper sacking and/or Nottingham Forest relegationGood or bad, Jesse Lingard was always going to be the poster boy for Nottingham Forest this season. It's bad, writes willfordy25.
Read more »
Newcastle's takeover: Inside the year that changed everything - and what comes nextSteve Harper is Newcastle’s academy manager, a former player and coach. The academy, which looks after more than 150 kids from Under 9sto 21, has witnessed as much change as anywhere else in NUFC’s takeover and is starting to see the benefits. ➡️
Read more »
8 ways to reuse dead leaves this autumn - including home decor and compostingEight ways to reuse dead leaves this autumn, according to a gardening expert - such as home decor & composting
Read more »