2024-09-22 11:58:28

DXC Attracts Takeover Interest

Benzinga

By Anusuya Lahiri

DXC Technology CoDXC worked with advisers after receiving takeover interest.
At least one private equity firm approached the IT service provider,Bloombergreported.
DXC clocked a 10.5%revenue decline to$3.71 billion in Q1 FY23, missing the consensus of $3.73 billion. Non-GAAP EPS of $0.75 missed the consensus of $0.82.
Earlier, DXC refused a takeover offer from French technology services providerAtos Origin SAAEXAF.
Technology dealmaking has held steady this year amid the broader slump in mergers and acquisitions. Private equity firms love the sector and exploit the market dip to go shopping.
Recently,KnowBe4, IncKNBEconfirmed a non-bindingproposal from Vista Equity Partners to acquire all outstanding company shares at a 39% premium.
Price Action:DXC shares closed higher by 1.77% at $27.53 on Wednesday.

#dxc #technology #bloomberg #takeoverinterest #marketdip

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