Atos Shares Surge After Walking Away From $6.5 Billion Rival DXC
- French company’s investors weren’t keen on a deal with DXC
- Two big transatlantic mergers have now fallen through in 2021
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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.