Shares of DXC Technology Co. DXC,
rose 7% on Thursday after Reuters reported that Atos SE ATO,
has made an offer for the information technology company. Atos, based in France, confirmed the news. “Following the latest market rumors about a possible transaction involving Atos, the company confirms that it has approached DXC Technology about a possible amicable transaction between the two groups in order to create a digital services leader that benefits from the global scale, talent and innovation “. he said in a statement. “In assessing this opportunity, Atos will apply the financial discipline it has always followed in its acquisition strategy. There is no certainty at this stage that this approach will result in any agreement or transaction. A new announcement will be made when appropriate.” The company did not provide details on the price, but Reuters said it appears willing to pay more than $ 10 billion for DXC in what would be the company’s biggest deal to date. An agreement could generate cost synergies and give Atos a greater presence in the United States, according to the story, citing several unnamed sources. Atos shares traded in France more than 6% higher. DXC shares have gained 54% in the past three months, as the S&P 500 SPX,
has risen by about 11%.