Shares of DXC Technology Co. DXC,
rose 7% on Thursday after Reuters reported that Atos SE ATO,
made a bid for the information technology company. France-based Atos confirmed the news. “Following recent market rumors about a potential transaction involving Atos, the company confirms that it approached DXC Technology regarding a potential friendly transaction between the two groups in order to create a Digital Services Leader benefiting from the global scale, talent and innovation, “the company said in a statement. “In assessing this opportunity, Atos will apply the financial discipline it has always followed in its acquisition strategy. There can be no certainty at this stage that this approach will result in any agreement or transaction. An additional announcement will be made when appropriate.” The company did not offer details about the price, but Reuters said it was willing to pay more than $ 10 billion for DXC in what would be the company’s biggest deal to date. A deal could generate cost synergies and give Atos a greater presence in the United States, the story said, citing several unidentified sources. Atos shares were trading more than 6% lower in France. DXC shares have gained 54% in the past three months as the S&P 500 SPX,
increased by about 11%.
