Acquisition of Shares in Xchanging plc by CSC Computer Sciences International Operations Limited

British outsourcing company Xchanging Plc agreed to be bought by Computer Sciences Corp for about GBP480m after the U.S. technology consulting company topped an offer from Capita Plc. The cash offer of 190 pence per share represents a premium of about 72% to Xchanging’s closing price on Oct. 2 2015. The deal will give CSC, which has made multiple attempts to sell itself over the years, access to Xchanging’s lucrative insurance business and Xuber software, which caters to the Lloyd’s of London insurance market.