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."
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