Report
Nicolas David

Devoteam : Founders to launch a tender offer at € 98 per share and a welcome surprise on guidance for 2020

>Premium of 25% on the last listed price with the aim of regaining control - Yesterday Devoteam announced a tender offer launched by its founders, Godefroy de Bentzmann and Stanislas de Bentzmann alongside Yves de Talhouet and KKR, at a price of € 98 per share. This reveals a premium of 25% on the last listed price and 30% on the volume weighted average price of the past 30 sessions. The announced objective is to accelerate Devoteam’s transformation in line with the v...
Underlying
Devoteam SA

Devoteam is an Information and Communication Technologies (ICT) consulting group. Co. specializes in technologies of IT infrastructures, middleware and telecommunication networks. Co. covers the technical, organizational and financial aspects of its clients' projects. It is subdivided into two business line segments. The Technology Consulting segment handles the design and implementation of solutions. This segment operates in three areas: expertise, systems integration and outsourcing under the DVO and DVS brands. The Business Consulting segment can be defined as the provision of skills to companies and organizations, under the Devoteam Consulting brand.

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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