Something I want to point out. There have been multiple accurate leaks from DXC employees on the layoff.com notably Sals departure. Yet the buyout rumor leaked from Rueters first and I still havent seen any post that seems to know whats going on. As such I suspect the leak wasn't from DXC but rather the private equity firm Apollo. People here have pointed out here that the buyout price seems low. If thats true then maybe this rumor is really a negotiation tactic? Shareholders are pi---d so Apollo puts in a low ball bid and bagholding stock holders pressure managment to accept. Seems sorta brilliant to me if not a little undehanded.
2 replies (most recent on top)
Insurance is on the way out - we are actively separating it from a p&l, balance sheet perspective. Once it is established easy to show the pony to the right buyer.
Not as low as it first appears if Insurance is being sold off separately, as per the article