Atos has agreed to discontinue its discussions for buying DXC Technology.
DXC Technology Board believes that the proposal from Atos undervalued DXC. DXC Technology had earlier received an unsolicited, preliminary and non-binding proposal from Atos.
The DXC Board of Directors evaluated the proposal, together with its financial and legal advisors. The offer was determined to be inadequate and lacking certainty in light of the value the Board believes DXC can create on a standalone basis by executing its transformation journey.