logo
  

DXC Technology Approached By Financial Sponsor On Potential Acquisition

DXC Technology (DXC) confirmed Tuesday that it has been approached by a financial sponsor regarding a potential acquisition of the company. But, it hasn't received a formal proposal.

The company stated that, consistent with its fiduciary responsibility to maximize shareholder value, it is engaged in preliminary discussions and is sharing information.

There are no assurances that any proposal will be received or determined to be adequate by the Board of Directors.

In Tuesday pre-market trade, DXC was trading at $27.40 up $1.35 or 5.18%. In the after-hours trade, the stock further gained $0.22 or 0.80%.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Drug major Pfizer Inc. reported Tuesday higher earnings in its fourth quarter, above market estimates, and an all-time high revenues in its fiscal 2022. Meanwhile, the company projects sharply lower adjusted earnings and revenues in its fiscal 2023, below Wall Street estimates, reflecting projected decline for COVID-19 products. In pre-market activity on the NYSE, Pfizer shares were losing around Oil major Exxon Mobil Corp. (XOM) reported Tuesday that fourth-quarter net income was $12.75 billion or $3.09 per share, up from $8.87 million or $2.08 per share in the prior-year quarter. Excluding special items, adjusted earnings were $3.40 per share, compared to $2.05 per share in the prior-year... La Mirada, California-based Daiso California LLC is recalling certain Matsunaga Mini Shiruko Sand Biscuits citing undeclared soy, an allergen, the U.S. Food and Drug Administration said. The recall incolves Matsunaga Mini Shiruko Sand Biscuits with sku 4902773016966, packaged in four pink and cream bags chained together. Each individual serving is 25g for an entire product weight of 100g.
RELATED NEWS
Follow RTT