InsideArbitrage Potential Deal Alert: Apollo, Kyndryl in Bid for DXC Technology (DXC)

POTENTIAL DEAL DETAILS

According to Reuters, buyout firm Apollo Global (APO) and Kyndryl Holdings (KD), the information technology services provider spun out of IBM (IBM), are discussing an acquisition offer for DXC Technology (DXC) of between $22 and $25 per share.

DXC, which is also an IT services vendor, is separately soliciting bids to sell its insurance software business for more than $2 billion and may opt to remain an independent company under Raul Fernandez, who was appointed chief executive in February.

DXC Technology Co. Investor Relations

Apollo Global Management Inc. Investor Relations

Kyndryl Holdings Inc. Investor Relations

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.