Elliott steps up demands for Capgemini to hike Altran bid price
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PARIS (Reuters) - Capgemini's offer for Altran undervalues the company and does not offer an adequate premium for control, activist hedge fund Elliott said on Wednesday, stepping up its campaign to extract a higher bid price from the French firm. Elliott, which caused waves in France last year when it revealed a stake in drinks maker Pernod Ricard's capital, has since built up a stake of more than 10% in engineering consultancy Altran through equity derivatives.The fund had already said it..