It's not necessarily an asset strip. It's buyout of contracts in the short term, expansion of customer base, an opportunity to increase contract price in the legacy area by reducing competition, plus use of areas where ATOS is stronger in.
The current DXC Middle Management (MM) are incapable of growing the business, they put so many blocks in place to prevent growth.
MMs now actualy talk about flagging up opportunities to them in town halls etc but once they are flagged up they get ignored.
They only take up work offered by the client direct, there's no proactive seeking of opportunities, it's all pull from the client work.
I've seen people on the floor spot opportunities and highlight them for pure profit organic growth but they go ignored. Instead the MMs are focussed on silly things like building empires, creating towers of work, overtime cuts, time recording, admin duplication and so forth.
So this gets round the MM incompetence as that problem is being ignored, and also adds other bows to the company short term.
With $2billion in the bank would need to borrow another $3billion if Ken can convince the banks, as I can't see shareholders stumping up the cash. Currently the company isn't delivering growth or dividends.