Deadline day approaches for Xchanging bids
Ebix and IT services firm Computer Sciences Corporation (CSC)
have just two more days to either submit a formal bid or walk away
from the battle for UK technology outsourcer Xchanging.
The race for Xchanging began after its rival Capita and private
equity house Apollo approached the firm about a takeover during the
summer, as disclosed by Xchanging on 5 October.
Capita began its pursuit on 11 August, submitting a
non-binding conditional proposal for 140p a share in cash that...
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