CSC based out of California is to acquire Covansys for $34.00 per share quotes the press release. Yet another acquisition and why am I writing about it?
The former is gonna be my new employer and the latter will become my old employer. As with every acquisition, lots of rumours are going around both in CSC and Covansys. One group of people speculate that there will be a huge job cut exercise. The other group of people are confident with the new employer and they expect a big growth in terms of both monetary and career gains.
Whatever, it is too early to comment on the acquisition. Will be enjoying the rumours till the complete transition takes place and see what is in it for the employee.
