UPDATE: IT Services Giant CSC to Acquire Australian Giant UXC; SBS Group Acquires Infinity Info Systems

Since publication of this story, CSC announced on November 24 that a binding Scheme of Implementation agreement between CSC and UXC has brought to a close the due diligence that began with CSC's initial offer for UXC. Based on 345 million shares of UXC outstanding, the total value of the transaction would be approximately US $307.9 million (A$427.6 million) upon completion. The transaction is subject to approval by UXC shareholders, followed by the customary regulatory and court approvals for transactions of this type in Australia. The transaction timeline is expected to conclude by February 2016.

There were two significant channel announcements today, one in the Asia Pacific region, the other in North America.


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About Dann Anthony Maurno

Dann Anthony Maurno is a seasoned business journalist who began his career as International Marketing Manager with Lilly Software, then moved on as a freelancer to write for such prestigious clients as CFO Magazine; Compliance Week;Manufacturing Business Technology; Decision Resources, Inc.; The Economist Intelligence Unit; and corporate clients such as Iron Mountain, Microsoft and SAP. He is the co-author of Thin Air: How Wireless Technology Supports Lean Initiatives(CRC/Productivity Press, 2010).

Dann can be reached at dmaurno@guidepointmedia.com.

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