DXC Technology Shares Soar on Potential Apollo-Kyndryl Acquisition Bid

Apollo Global and Kyndryl Holdings are reportedly discussing a joint bid for DXC Technology, valuing shares at a premium.

DXC Technology shares surged after reports of a potential joint bid by Apollo Global and Kyndryl Holdings.
The proposed bid values DXC shares between $22 and $25, offering a significant premium over recent prices.
DXC is also considering selling its insurance software business for over $2 billion.
The company has faced declining revenue and significant executive changes over the past year.
DXC recently announced a $250 million restructuring plan to address its financial challenges.