@YoDaQ3Y-3nup - Legally it was a merger (Google, SEC, DXC site) - https://www.dxc.technology/newsroom/press_releases/139515-dxc_technology_revealed_as_name_for_combined_csc_and_hpe_enterprise_services_business_following_merger_completion
Per SEC, DXC issued a total of 141,298,797 shares of DXC Common Stock to CSC stockholders, representing approximately 49.9% of the outstanding shares of DXC Common Stock immediately following the Merger. As a result of the Merger, CSC is now a direct wholly owned subsidiary of DXC.
Prior to the Spin-Off, HPE was the sole stockholder of DXC.
Prior to the Spin-Off, HPE was the sole stockholder of DXC. (Repeat)
Prior to the Spin-Off, HPE was the sole stockholder of DXC. (Repeat x2)
https://www.sec.gov/Archives/edgar/data/1688568/000119312517112036/d250548d8k.htm
CSC CEO, Pres a/hole became DXC CEO, Pres and became a bigger a/hole as if that was possible.
Everett actually may have been 50.1 and CSC 49.9 so in a way Everett (primarily ex-EDS) took over CSC and DXC became a bigger turd. After a while, more ex-EDS and worse mgmt than CSC had took over mgmt positions except primarily JML and his right hand person who couldn't lead CSC HR and now had 3x the mess.
What does all this mean? Turd became bigger, rich got richer and mgmt took almost 100 million dollars bonus from this deal? Even poor Hilton got millions and his fate would have been same even without the merger. That was a failed, useless hiring, probably because hiring team was concentrating on eating and pre/post events they had plans for instead of hiring.