Sept 29 Computer Sciences Corp has
contacted private equity firms including Blackstone Group LP
and Bain Capital LLC to gauge their interest in a
leveraged buyout, Bloomberg reported.
The talks are at an early stage and may not result in a
deal, according to people with knowledge of the matter,
Bloomberg said. (bloom.bg/1ryKHgr)
CSC Chief Executive Mike Lawrie is arguing that a potential
buyout could benefit the company as its turnaround continues,
CSC spokesman Richard Adamonis said the company do not
comment on market rumors. Blackstone and Bain could not be
reached for comment.
Private equity funds view CSC as a potentially cheap buyout
based on its enterprise value, though are concerned by its cash
flow and slower-growth business units, Bloomberg said.
(Reporting By Sai Sachin R)