In response to market rumors and speculation, on Oct 4th, 2022, DXC Technology announced that it was approached by a financial sponsor regarding a potential acquisition of the company. Consistent with its fiduciary responsibility to maximize shareholder value, the company engaged in preliminary discussions and shared information with a financial sponsor. Due to the financial sponsor’s challenges in raising the necessary capital, as a result of current market conditions, no formal proposal was received by the company and DXC has terminated the discussions. Throughout this process, the DXC team has been focused on driving the company to its inflection point. DXC remains well positioned to deliver the business it envisioned for its people, customers, and shareholders, a business that grows organically and expands margin, earnings per share and free cash flow. The Company does not intend to comment further on this matter.
Published first on TheFly
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