Atos Shares Surge After Walking Away From $6.5 Billion Rival DXC-OOOOOO THIS IS GOOD WE HAVE A SELL OFF LAST MONDAY TO RECAPTURE!!!
WE WERE AT $28.70 AND NO DEAL WHOOSH DOWN TO A LOW OF $24.30 THEN GOOD ENOUGH EARNINGS.....<--- CLASSIC COILED SPRING...
(Bloomberg) -- Atos SE shares jumped the most in more than nine months as investors cheered its decision to walk away from a deal to buy U.S. rival DXC Technology Co.
Atos’s board of directors “unanimously determined not to pursue” the deal with DXC Technology, the company said in a statement Monday, confirming a Bloomberg News report. DXC’s board decided the Atos offer was inadequate and lacked certainty, the U.S. company said separately.
A deal with DXC would’ve been transformational for Atos, creating an IT giant with scale to better compete with the likes of SAP SE and Accenture Plc. But investors were taken aback by the size of the combination, people familiar with the matter had said. DXC may have been valued at more than $10 billion in a deal, Reuters had reported previously.<-- ULTIMATELY GOOD NEWS...
WE WERE AT $28.70 AND NO DEAL WHOOSH DOWN TO A LOW OF $24.30 THEN GOOD ENOUGH EARNINGS.....<--- CLASSIC COILED SPRING...
(Bloomberg) -- Atos SE shares jumped the most in more than nine months as investors cheered its decision to walk away from a deal to buy U.S. rival DXC Technology Co.
Atos’s board of directors “unanimously determined not to pursue” the deal with DXC Technology, the company said in a statement Monday, confirming a Bloomberg News report. DXC’s board decided the Atos offer was inadequate and lacked certainty, the U.S. company said separately.
A deal with DXC would’ve been transformational for Atos, creating an IT giant with scale to better compete with the likes of SAP SE and Accenture Plc. But investors were taken aback by the size of the combination, people familiar with the matter had said. DXC may have been valued at more than $10 billion in a deal, Reuters had reported previously.<-- ULTIMATELY GOOD NEWS...
