- DXC Technology ( NYSE: DXC ) ticked up 0.2% on a report that the IT and consulting business is speculated to get takeover interest from several private equity firms.
- PE firm Vista Equity Partners is speculated to have recently shown interest in DXC, according to a Betaville "uncooked" alert. Last month Betaville reported that KKR ( KKR ) was speculated to be one of the financial sponsors interested in backing a purchase of the company. It's possible that KKR and Vista may have had talks about forming a consortium to bid for DXC, according to the latest report.
- The latest Betaville report comes after Bloomberg earlier this month reported tha t Baring Private Equity Asia made a takeover approach for DXC Technology ( DXC ).
- DXC confirmed at the time that it has been approached by a financial sponsor regarding a potential acquisition, though DXC said no formal proposal had been received.
- Stifel said earlier this month that DXC Technology ( DXC ) shares may not see much upside in a potential takeover .
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DXC Technology briefly ticks higher on report of more private equity interest