Why Is DXC Technology (DXC) on the Acquisition Radar Again? [Yahoo! Finance]
Kyndryl Holdings, Inc. (KD)
Company Research
Source: Yahoo! Finance
Citing people familiar with the matter, Reuters on Monday revealed that Apollo Global Management and Kyndryl Holdings, Inc. KD are considering a joint bid for DXC. Apollo Global Management is an asset management firm, while Kyndryl Holdings is an IT services provider that was created from the spin-off of International Business Machines Corporation 's IBM infrastructure services business in 2021. International Business Machines owns a 19.9% stake in Kyndryl Holdings. This is not the first time when DXC has attracted takeover interest. In October 2023, it was approached by a financial sponsor regarding the potential acquisition of the company. In early 2021, it received an unsolicited, preliminary and non-binding proposal to acquire all its shares from the French technology services provider Atos SE. However, both talks didn't materialize for different reasons. DXC's current valuation plays a crucial role in its appeal as an acquisition target. The company's stock has been trading
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- Kyndryl Holdings, Inc. (KD) Surpasses Market Returns: Some Facts Worth Knowing [Yahoo! Finance]Yahoo! Finance
- Kyndryl Holdings, Inc. (KD) Stock Dips While Market Gains: Key Facts [Yahoo! Finance]Yahoo! Finance
- Kyndryl Holdings, Inc. (KD) Stock Drops Despite Market Gains: Important Facts to Note [Yahoo! Finance]Yahoo! Finance
- Apollo, Kyndryl in bid for DXC Technology, sources tell Reuters [CNBC]CNBC
- DXC Technology jumps on report of joint bid from Apollo, Kyndryl [Seeking Alpha]Seeking Alpha
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