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Xchanging surges as it agrees to Computer Sciences offer

Wed, 09th Dec 2015 08:42

(ShareCast News) - Xchanging shares surged on Wednesday after the business outsourcer said its board intends to unanimously recommend the cash offer from technology consulting company Computer Sciences Corp and withdraw its recommendation of the offer from London-listed peer Capita.The CSC offer price of 190p per share in cash values Xchanging at a premium of 19% to the Capita offer price."In evaluating the CSC offer, the board of Xchanging has considered various aspects of the CSC offer, including valuation, transaction timing and execution risk, and considers the CSC offer to represent a superior offer for Xchanging shareholders, as compared to other offers," the company said.Xchanging said shareholders that had previously accepted the Capita offer can now withdraw their acceptances.At 0848 GMT, Xchanging shares were up 9% to 191.50p.
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2 Jun 2016 17:03

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6 May 2016 07:39

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28 Apr 2016 09:13

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4 Apr 2016 07:58

Xchanging Renews Contract With Statutory Body WorkSafe Victoria

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31 Mar 2016 07:56

Computer Sciences Gets European Approval For Xchanging Takeover

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4 Mar 2016 09:46

Xchanging Reports Swing To Loss Ahead Of Takeover By US's CSC

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1 Mar 2016 12:12

EU mergers and takeovers (March 1)

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18 Jan 2016 08:10

Computer Sciences Offer For Xchanging Becomes Unconditional

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11 Jan 2016 09:00

Xchanging calls on shareholders to back CSC offer

(ShareCast News) - Xchanging called on its shareholders to accept an offer from Computer Sciences Corporation, as it pointed out that a superior offer from Ebix Inc was unlikely to materialise. Xchanging announced back in November that it had received an offer of 175p per share in cash from Ebix, bu

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11 Jan 2016 07:51

Xchanging Urges Shareholders To Accept CSC Offer Before Friday

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23 Dec 2015 07:44

Computer Sciences Has 57% Of Xchanging After Buying Shares From Capita

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16 Dec 2015 16:44

Capita's Offer For Xchanging Lapses After CSR Trumped Its Bid

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11 Dec 2015 09:48

Gresham House Strategic Set To Name Ken Lever Of Xchanging To Board

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10 Dec 2015 08:13

Ebix Confirms It Remains Interested In Acquiring Xchanging

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