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Article: The club deal.(WHO'S WHO BANKING & FINANCE--THE PRIVATE EQUITY ECONOMY)(private equity firms planning to buy Computer Sciences Corp.)(Brief Article)
- Article from:
- Los Angeles Business Journal
- Article date:
- October 31, 2005
- Author:
CopyrightCOPYRIGHT 2005 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WHAT can three private equity firms hope to gain in their quest to buy Computer Sciences Corp., the military and computer outsourcing giant?
Massive fees, of course.
Last week, investors in Computer Sciences got a jolt after Blackstone Group, Texas Pacific Group and Warburg Pincus said they were in the early stages of exploring whether to buy the El Segundo company or break it up in small pieces.
The news is bringing much-needed volume and attention to Computer Sciences' beaten-down stock, which is now trading at $50 a share, a 12 percent increase from the day the news came out.
But the real winners in any such deal would likely be the ...