DXC Technology Stock Spikes on Apollo–Kyndryl Bid: Buy the Rebound or Exit?

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DXC Technology’s stock surged after Apollo Global Management and Kyndryl made an all-cash takeover bid, turning the company into a merger-arbitrage play. The stock is currently trading below the rumored offer price, indicating market skepticism about the deal’s certainty. Investors must weigh the potential for a deal closing against the risk of its failure, which would refocus attention on DXC’s underlying fundamentals and turnaround challenges.

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