*NEW RESEARCH*: Xchanging exchanges Capita for CSC (update)

Xchanging is now in a strong position to get maximum value for shareholders from its pending sale, having accepted a new cash offer of 190p per share from CSC (see Xchanging exchanges Capita for CSC).

CSC’s bid is 19% higher than Capita’s previously agreed deal, and 81% higher than the average price of Xchanging’s shares in the previous three months prior to the offer period. It's also higher than any point in the last five years.

Meanwhile, we now know Capita is not planning a competing bid (see Capita gives up chase for Xchanging).

Subscribers to TechMarketView’s research can read our analysis of a CSC/Xchanging merger and its implications in UKHotViewsExtra here.

Posted by John O'Brien at '13:49' - Tagged: manda   bps   insurance