Capgemini will not be pressured into higher Altran bid, CEO says
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PARIS (Reuters) - Software company Capgemini will stick to its bid of 14 euros ($15.43) per share for smaller rival Altran , its chief executive told Reuters, as it tries to fend off pressure from activist hedge fund Elliott for a higher offer. Elliott, which made waves in France last year when it revealed a stake in drinks maker Pernod Ricard , has since built a holding of more than 10% in Altran, regulatory filings show. It has also said Capgemini's 3.6 billion-euro (3 billion pounds) bid..