Workflow
Why Is DXC Technology (DXC) on the Acquisition Radar Again? (Revised)
DXCDXC Technology(DXC) ZACKS·2024-06-12 17:40

DXC Technology Company's (DXC) shares soared 11.5% on Monday as the IT services and solutions provider garnered attention as a potential acquisition target. 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. DXC's current valuation plays a crucial role in its appeal as an acquisition target. The company's stock has been trading at a one-year forward P/E multiple of 6.30X, significantly lower th ...