|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||107.55 - 109.90|
|52 Week Range||79.80 - 118.00|
|Beta (3Y Monthly)||1.22|
|PE Ratio (TTM)||23.09|
|Earnings Date||Jul 24, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||1.70 (1.54%)|
|1y Target Est||125.06|
This press release was prepared by Capgemini and made available to the public pursuant to Articles 231-27 1° and 2° of the General Regulation of the Autorité des Marchés Financiers (the “AMF”). Pursuant to Article L. 621-8 of the French Monetary and Financial Code and Article 231-23 of the AMF General Regulation, the AMF has, pursuant to its clearance decision regarding the tender offer for Altran Technologies shares dated October 14, 2019, granted visa no. 19-489 dated October 14, 2019 to the offer document prepared by Capgemini.
Capgemini (Euronext Paris: CAP) today announced that it has received clearance from the competition authority in Morocco for its proposed acquisition of Altran (Euronext Paris: ALT). After the announcement of the filing of the draft offer document with the French financial market authority AMF (Autorité des marchés financiers), this regulatory clearance is a new step towards the completion of this combination, which is expected by the end of 2019.
Capgemini (Euronext Paris: CAP) today announced that it has received clearance from the Committee on Foreign Investment in the United States (CFIUS) for its proposed acquisition of Altran (Euronext Paris: ALT). After the announcement of the filing of the draft offer document with the French financial market authority AMF (Autorité des marchés financiers), this regulatory clearance is a new step towards the completion of this combination, which is expected by the end of 2019.
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Capgemini announces the launch of a sixth Employee Share Ownership Plan (ESOP). The new employee share ownership plan is offered to approximately 98 % of the employees and is part of the Group’s policy to associate all employees with its development and performance. The employee shareholding resulting from previous ESOPs represents 5.9 % of Capgemini SE’s share capital.
Paris, September 16 2019 / 19.00CET – As part of the internal managerial transition process initiated in 2017 by Paul Hermelin, Chairman and CEO, the Board of Directors of Capgemini SE, meeting today, chose Aiman Ezzat, currently Chief Operating Officer, to succeed Paul Hermelin as CEO after the General Meeting of Shareholders scheduled for May 20, 2020.
NEW YORK, Sept. 12, 2019 /PRNewswire/ -- Capgemini announced that Eileen Sweeney has been named an Executive Vice President and Director for Manufacturing, Automotive and Life Sciences (MALS) in North America. The market unit includes discrete manufacturers like automotive OEM's (original equipment manufacturers) and suppliers, aerospace and defense companies, and pharmaceutical and medical device manufacturers. Sweeney has more than 25 years of experience in commercial sales, operations, product and solution development, and marketing experience across the manufacturing and aerospace sectors.
CAPGEMINISociété Européenne au capital de 1 338 349 840 eurosSiège social à : Paris (17ème) 11, rue de Tilsitt330 703 844 RCS Paris Paris, August 2, 2019. Capgemini.
The Board of Directors of Capgemini SE, chaired by Paul Hermelin, convened on July 29, 2019, to review and authorize the issue of the accounts1 of Capgemini Group for the 1st half of 2019. Paul Hermelin, Chairman and Chief Executive Officer of Capgemini Group, comments: “We are demonstrating our ability to deliver continuously a strong increase in earnings, with growth in both revenue and profitability.
Capgemini announced today the signing of an agreement to acquire KONEXUS Consulting, the leading strategy and management consultancy for the energy industry in the German market. By becoming part of Capgemini Invent, the digital innovation, consulting and transformation brand of the Capgemini Group, this acquisition will help to further meet growing demand from energy and utilities clients for strategy and transformation services in Germany and Central Europe.
U.S. activist fund Elliott does not intend to tender shares it could end up owning in consultancy group Altran Technologies, the target of a takeover bid by Capgemini, according to a regulatory filing on Friday. Consultancy firm Capgemini agreed to buy smaller rival Altran for 3.6 billion euros last month o tap into the fast-growing engineering outsourcing services market. Elliott has bought millions of equity derivatives, according to a filing with French markets watchdog AMF, but does not directly own shares in Altran yet.
Capgemini (Euronext Paris: CAP) reports that it holds 29,378,319 Altran shares (Altran Technologies - Euronext Paris: ALT) as of today following the settlement and delivery of the off-market acquisition of a block of shares from a group of shareholders led by Apax Partners1. This transaction is the result of the definite agreement to acquire this block, representing 11.43% of Altran's share capital, signed on 24 June 2019.
Moody's Investors Service ("Moody's") has today placed the ratings of Altran Technologies ("Altran"), a leading provider of engineering and research & development (ER&D) services, under review for upgrade namely the Ba2 corporate family rating (CFR), the Ba2-PD probability of default rating, and the Ba2 ratings on the senior secured credit facilities including the EUR250 million revolving credit facility and the EUR1,380 million term loan both issued by Altran Technologies, and the USD300 million term loan issued by US-based subsidiary Octavia Holdco Inc. The outlook has been changed to rating under review from negative. Today's action follows the announcement on 24 June 2019 that Altran and Capgemini have entered into exclusive discussions whereby Capgemini is to acquire Altran through a friendly takeover.
(Bloomberg Opinion) -- A bidder offers a 650 million-euro ($740 million) premium for a smaller rival and the stock market rewards it by raising its own market value by 1.3 billion euros. No prizes for guessing who got the better side of the deal in Capgemini SE’s agreement to by smaller French consulting peer Altran Technologies SA for 3.6 billion euros in cash. Altran shareholders should ask whether management got the best price.The acquisition makes strategic sense, adding engineering and R&D services to Capgemini’s core IT consulting offer. The buyer’s growth has been less impressive than that of peers lately, and sensible M&A offers the potential for a pick-up.Financially, the transaction looks good value for Capgemini. Altran’s shares collapsed last year after the group revealed a forgery in the Aricent business it acquired from KKR & Co. While the stock had recovered a lot prior to Capgemini’s deal, the damage wasn’t fully repaired. The takeover premium here is a humdrum 22% over Monday’s closing price and a more conventional 30% only when measured over the last three months’ average.A year ago, Altran implied it had the capacity to be generating nearly 600 million euros of operating profit in 2022. Add to that cost savings of around 85 million euros – the middle of the range Capgemini says is achievable – and the total 5 billion-euro investment (including assumed net debt) looks capable of earning a 9% post-tax return inside three years. That should be good enough for Capgemini shareholders. And revenue synergies would only lift this higher.True, this is a relatively large purchase for Capgemini, capitalized at 19 billion euros, so integration could be a distraction. The company’s leverage will shoot up, given the cash paid out to Altran’s shareholders and the target’s existing high leverage following the Aricent deal. But these additional risks are tolerable given the overall logic.As for Altran shareholders, they get an offer valuing the group roughly where Capgemini trades on forward earnings. The target doubtless feels the offer captures the value of its own strategic plan, otherwise it wouldn’t be recommending the transaction. Still, it looks like Capgemini could have afforded to pay more here.Altran shareholders will hope for a counterbid. Accenture may be tempted to look, although the target could be too big, and Capgemini already has backing from shareholders with 11% of the stock. The shares, trading just below the bid, aren’t pricing in a gatecrasher. It would take an activist and full-blown shareholder rebellion to force Capgemini higher.To contact the author of this story: Chris Hughes at email@example.comTo contact the editor responsible for this story: Jennifer Ryan at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Hughes is a Bloomberg Opinion columnist covering deals. He previously worked for Reuters Breakingviews, as well as the Financial Times and the Independent newspaper.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Capgemini's shares surged on Tuesday on the back of the software and consultancy company's 3.6 billion euro ($4.1 billion) takeover of smaller rival Altran to create a group with more than 250,000 staff harnessing new technologies. Capgemini hopes to tap into the rising demand from customers for research and development outsourcing, and software and IT developments in industries ranging from telecoms to aerospace. "We are positioning ourselves as a clear strategic partner to assist our clients in taking full advantage of the revolution created by the developments of the cloud, Edge computing, IoT, artificial intelligence and 5G," said Capgemini Chief Executive Paul Hermelin.
European shares extended losses to a third day on Tuesday amid rising U.S.-Iranian tensions and anxiety over Sino-U.S. trade, but strong gains by Capgemini and Altran on a multi-billion-euro takeover deal helped cap losses. Sentiment remained shaky after three weeks of solid gains that have reclaimed almost all of a May sell-off, which generated European shares' worst monthly performance in more than two years. Already subdued in anticipation of headlines from Sino-U.S. trade talks expected over the weekend, sentiment took a further hit after U.S. President Donald Trump signed an executive order imposing sanctions on Iran's Supreme Leader and other top officials.