Altran: negotiations agreement for takeover by Capgemini
(CercleFinance.com) - Capgemini has announced an exclusive negotiations agreement to acquire Altran for a total of 3.
6 billion euros, before taking into account net financial debt of about 1.4 billion euros.
The friendly takeover bid, at a price of 14 euros per share, would be launched after the lifting of customary closing conditions. The deal is expected to have a pre-synergy earnings acretive impact of over 15% on normalised earnings per share in the first year, and more than 25% after synergies in 2023.
The agreement has been unanimously approved by the companies' boards of directors. In addition, Capgemini has already signed a definitive agreement for the acquisition of an 11% stake in Altran from shareholders around Apax Partners.
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