Report
Nicolas David

Capgemini : Acquisition of Altran: a good rationale and a good price whilst Capgemini’s fundamentals are undervalued. Upgrade to Buy

>Proposed acquisition of Altran at € 14 per share, i.e. € 3.6bn - Capgemini announced yesterday after market close that it had reached an agreement with Altran’s board of directors whereby Capgemini is to acquire Altran via a cash offer at €14.00 per share (after detachment of the 2018 coupon of € 0.24 per share scheduled for 1 July). This offer values Altran at a price of € 3.6bn for 100% of the capital. Capgemini has signed a definitive agreement to acquire shares r...
Underlying
Capgemini SE

Capgemini is a consulting and IT services provider. Co. works closely with technology partners at the cutting edge of innovation in major trends such as: Cloud, Big Data and mobility. Co. offers its clients skills in a variety of fields, such as digital transformation and digital customer experience, Cloud, Big Data, mobility, testing, cyber security, application management. In addition, Co. helps its clients enhance their performance and sharpen their competitive edge by offering them a range of skills grouped around four major businesses: Consulting Services through Capgemini Consulting, Technology Services (TS), Local Professional Services through Sogeti, and X Outsourcing Services (OS).

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Nicolas David

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