Private equity firms looking to buyout CSC
A Reuters newswire article, via CNN/Money, reports that:
Private-equity firms are looking at a buyout of Computer Sciences Corp., a computer-outsourcing company with more than $14 billion in sales and $8.4 billion market value, the Wall Street Journal reported Monday, citing people familiar with the matter.
The firms looking at Computer Sciences include Texas Pacific Group, Warburg Pincus and Blackstone Group. They say the takeover plans remain in the early stages, and in the end there may be no deal for the 46-year-old El Segundo, Calif. company.
The private-equity buyers also are exploring how to break up the business and share the company with a strategic player, the paper said, citing the unnamed sources.
posted by Fergie @ 10/24/2005 09:42:00 AM
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