DXC Technology (DXC) approached by Atos

  • January 7, 2021


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.


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.

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