New Takeover Talks Propel CSC
John Moore writes on FCW.com:
Renewed speculation regarding the sale of Computer Sciences Corp., helped propel the company’s stock, which ranked near the top of the gainers column in FCW’s latest Tech Index.More here.
CSC has been the subject of takeover speculation since November 2005, when Lockheed Martin was said to be the suitor. In January, the discussion shifted to name Hewlett-Packard as the interested party. But the rumor mill fired up again this month. Goldman Sachs, in a March statement to investors, noted an uptick in CSC’s share price “on a resurgence in take-over speculation.”
posted by Fergie @ 3/23/2006 02:53:00 PM
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