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Computer Sciences +2.5%; activist ups stake to 5.9%

Feb. 23, 2015 4:59 PM ETDXC Technology Company (DXC) StockDXCBy: Eric Jhonsa, SA News Editor1 Comment
  • Barry Rosenstein's Jana Partners has upped its Computer Sciences (CSC) stake to 5.9% (8.37M shares) from a prior 2%. Jana adds it "has had and may continue to have discussions" with CSC's board about "potential strategic alternatives" and capital allocation. (13D filing)
  • Shares have risen to $73.55 AH. They rose 7.2% in regular trading after dealReporter stated CSC is in talks to do a 2-part sale.

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