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Capgemini rejects Elliott's call for higher Altran bid

The logo of Cap Gemini is seen at the entrance of the company headquarters in Paris
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PARIS (Reuters) - Capgemini on Wednesday ruled out any new offer for smaller rival Altran after activist fund Elliott urged the French software consultancy to raise its 14 euros per share bid.Elliott reiterated that Capgemini's bid failed to recognise Altran's value."The equity market has gone up in value since the offer was announced in June, yet the offer price has remained unchanged," the..
Date Published: Jan 08, 2020
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