CSC wins Xchanging race

Computer Sciences Corporation (CSC) has effectively won the bidding
war for Xchanging after the deadline for Ebix to submit a formal
bid lapsed at the weekend.
Ebix had until 5pm on 6 February to table a formal offer, 53
days after CSC submitted its firm proposal of 190p a share on 9
December.
Under UK takeover rules, once a potential buyer has tabled a
firm bid any competitors must make their alternative offer by 5pm
on the 53rd day following...