DXC Technology (DXC) Takeover Price Being Discussed Said to Be Around $45/Share - Source

September 29, 2022 11:15 AM EDT

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The takeover price being discussed for DXC Technology (NYSE: DXC) is said to be around $45 per share, according to a source. Last week, Bloomberg reported that DXC received an approach from at least one private equity firm, although it is unclear whether the company is open to a sale.

A deal at $45 per share, if it comes to fruition, would be an approximate 95% premium to the current market price of $23.00.

DXC is working closely with an investment bank to negotiate a deal in the best interest of its shareholders. However, it is unclear if a definitive agreement will be reached.

Despite the broader decline in mergers and acquisitions this year, technology dealmaking has been steady, partly driven by several private equity firms active in the sector.

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