Capgemini said on Oct. 24 that it had received antitrust clearance from the European Commission for its proposed acquisition of France-listed Altran Technologies.
That followed the Paris-based IT group’s announcement on June 24 that it would offer 14 euros per Altran share in cash, representing a 30% premium over the one-month volume-weighted average share price before June 21. Capgemini is targeting cost savings of 70 million euros to 100 million euros after three years, and annual revenue gains of 200 million euros to 350 million euros.
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