Luxoft Soars After Announcing $2 Billion Deal to Be Bought by DXC Technology - TheStreet Tech
Thestreet.com - Mon 7 Jan 18:11 GMT

Luxoft Soars After Announcing $2 Billion Deal to Be Bought by DXC Technology - TheStreet Tech

Luxoft is to be bought for about $2 billion by DXC Technology....LXFT

  Luxoft Holding Inc. (LXFT) , a global software developer, was soaring Monday after announcing it will be bought by information technology company DXC Technology Co. (DXC) .

  Luxoft was up 81.83% to $57.64 a share on Monday.

  DXC will pay $59 a share in all cash to Luxoft shareholders.

  "Luxoft and DXC are highly complementary, and our shared vision of digital transformation makes this strategic combination a great fit for both organizations -- as well as enormously beneficial for our clients," said Chairman, President and CEO Mike Lawrie.

  Luxoft is one of the global leaders in digital software development.