DXC Technology receives unsolicited bid for all company shares

Paris-based company Atos submits proposal to acquire Fortune 500 tech firm

Published January 7, 2021 by Sydney Lake

Tysons-based Fortune 500 IT services company DXC Technology confirmed Thursday it received an unsolicited, preliminary and nonbinding proposal from French information technology company Atos to buy all of the company’s shares. 

DXC will evaluate the proposal, according to a company statement. 

“Prior to receiving this proposal Wednesday night, DXC Technology had no knowledge of any such interest from Atos,” says a DXC statement. “We remain focused on delivering for our customers, people and shareholders as we execute our transformation journey.”

Based in the Parisian suburbs of Bezons, France, Atos also confirmed the proposal on Thursday, saying it approached DXC with a “potential friendly transaction between the two groups in order to create a digital services leader benefiting from global scale, talent and innovation.” 

Neither company confirmed whether the proposal would result in an agreement or transaction.

DXC Technology was formed in April 2017 as a result of the merger of Computer Science Corp. and the Enterprise Services business of Hewlett Packard Enterprise. The company has 138,000 employees worldwide and last year had revenues of more than $21 billion. Atos employs 110,000 people and has annual revenues of more than the equivalent of $14 billion.

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