DXC Technology (NYSE:DXC) saw an impressive 1.4% surge on the back of renewed takeover speculation.

Some industry sources are hinting at potential takeover interest in DXC, as per Betaville’s “uncooked” alert on Friday. This follows DXC’s dismissal of a takeover approach last March after a financial sponsor expressed interest but failed to table a formal proposal.

Interestingly, this new speculation comes on the heels of the recent appointment of Raul Fernandez as the new president and CEO of DXC Technology (DXC), marking a potentially transformative period for the company.

Contextualizing this, DXC’s previous encounter with takeover talks places this recent speculation in a historical light. In October 2022, after acknowledging an approach by Baring Private Equity Asia, discussions ultimately came to naught. Moreover, in January 2021, French IT consulting firm Atos (OTCPK:AEXAF) made a takeover approach for DXC Technology (DXC), valuing the company at over $10 billion.