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Stock Market & Financial Investment News

News Breaks
February 20, 2013
18:54 EDTCSCCSC to sell Southeast Asia reseller unit
CSC has reached a definitive agreement with a consortium comprising ITOCHU Techno-Solutions Corporation and ITOCHU Corporation for the sale of CSC's Enterprise Systems Integration unit, a reseller of enterprise hardware and software and a provider of maintenance services with operations in Malaysia and Singapore, for $90M in cash. This transaction, representing CSC's fourth divestiture within the last four months, furthers CSC's transformation strategy to rebalance its portfolio of services. The transaction is expected to close in March.
News For CSC From The Last 14 Days
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September 30, 2014
06:21 EDTCSCCSC upgraded to Outperform from Market Perform at Raymond James
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September 29, 2014
15:56 EDTCSCCSC calls active, contacts PE firms on leveraged buyout interest reports
CSC October 55 and November 65 calls are active on the company contacts PE firms on leveraged buyout interest, Bloomberg reports. October call option implied volatility is at 44, November is at 32, December is at 33; compared to its 26-week average of 25 according to Track Data. Active call volume suggests traders taking positions for large price movement.
15:50 EDTCSCCSC contacts PE firms on leveraged buyout interest, Bloomberg reports
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15:47 EDTCSCCSC jumps 6% following Bloomberg report on exploring leveraged buyout
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15:46 EDTCSCCSC explores LBO, contacts Blackstone, Bain to gauge interest, Bloomberg says
08:47 EDTCSCCSC coverage resumed with a Buy at Goldman
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