CSC volatile after Danish paper discusses possible takeover Shares of CSC have been volatile after Danish newspaper Borsen reported overnight that the information technology company is in talks regarding a potential takeover with an Indian IT company. CSC declined to comment on the story, which noted the takeover could be for all or parts of CSC, Borsen added. Shares of CSC are up 55c to $63.13 after rallying over $64.00 shortly after the open. Reference Link
CSC legal risks increased with new lawsuit, says Wells Fargo Wells Fargo sees increased legal risks for CSC after the United States Attorney for the Southern District of New York sued the company and the City of New York for Medicaid fraud. Given the legal uncertainty, Wells expects CSC to continue to maintain a "relatively sizable" cash position on the balance sheet for the "foreseeable future." It keeps a Market Perform rating on the stock.