DXC Technology (DXC) approached by Atos

  • January 7, 2021

POTENTIAL DEAL DETAILS

StockDXC Technology CompanySymbolDXC
Date Announced01/07/2021Source Press Release
TypeUnsolicited BidAcquiring Company/Person Atos

France’s Atos confirmed it has made a bid approach for U.S. rival DXC Technology (DXC) in what would be the deal-hungry IT consulting group’s biggest ever acquisition.

Update(s):

January 07, 2020: The French firm, led by chief executive Elie Girard, made a formal approach to DXC (DXC) this week valuing the New-York listed company at more than $10 billion including debt.

February 01, 2021:  DXC Board (DXC)  of Directors carefully evaluated the proposal, together with its financial and legal advisors. The offer was determined to be inadequate and lacking certainty in light of the value the Board believes DXC can create on a standalone basis by executing our transformation journey. After sharing certain high-level information in order to help Atos understand why the Board believes the proposal undervalued DXC, Atos and DXC today agreed to discontinue further discussions.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.