- DXC Technology Co (NYSE:DXC) worked with advisers after receiving takeover interest.
- At least one private equity firm approached the IT service provider, Bloomberg reported.
- DXC clocked a 10.5% revenue decline to $3.71 billion in Q1 FY23, missing the consensus of $3.73 billion. Non-GAAP EPS of $0.75 missed the consensus of $0.82.
- Earlier, DXC refused a takeover offer from French technology services provider Atos Origin SA (OTC:AEXAF).
- Technology dealmaking has held steady this year amid the broader slump in mergers and acquisitions. Private equity firms love the sector and exploit the market dip to go shopping.
- Recently, KnowBe4, Inc (NASDAQ:KNBE) confirmed a non-binding proposal from Vista Equity Partners to acquire all outstanding company shares at a 39% premium.
- Price Action: DXC shares closed higher by 1.77% at $27.53 on Wednesday.
Chipotle To Spice Up Kuwait City: New Location Marks Decade-Long International Expansion
Chipotle Mexican Grill expands its global footprint with the launch of its first restaurant in Kuwait City, in collaboration with Alshaya Group. Offering diverse ordering methods like traditional, kiosk, and QR code-based, Chipotle aims to introduce its menu to Kuwait's market seamlessly.
