Capgemini unveiled its new financial objectives for the 2020-2025 period, of which Altran will play a significant part. The company now targets a 7 to 9% annual revenue growth at cc and an adjusted EBIT margin of 14% by 2025. Capgemini will reach revenues in the range of EUR 22.2-24.4bn by 2025 (from an estimated pro-forma EUR 16.3bn in 2020) and EUR 3.1-3.4bn in adjusted EBIT (from EUR 1.5bn in 2020).
Altran Benefits from its Diversified Client Mix in Q2 2020
We got a glimpse of the performance of Altran when Capgemini announced its H1 2020 results
Capgemini Finally Becomes the Number Engineering and R&D Sevices Vendor
The Stock Market meltdown resulted in an unexpected outcome: Capgemini secured 98.2% of the shares of Altran, with investors rushing to get EUR 14.5 per Altran share. Capgemini will now launch a squeeze-out procedure.
Capgemini Secures 53.4% of Altran and Becomes Worldwide Leader in ER&D
Capgemini has succeeded with its offer to purchase Altran. The company has secured 53.4% of Altran’s capital. According to France’s financial market’s authority, Capgemini will reopen the tend offer from January 28 to February 10.
Capgemini Increases Its Tender Offer for Altran by 3.6%
Capgemini modestly increased its tender offer for Altran by 3.6%, from €14.0 to €14.5 per share.
UPDATED: French Appeal Court Rejects Request for Suspending Capgemini’s Offer for Altran
The Paris Court of Appeals rejected this morning ADAM’s request for suspension of the Capgemini tender offer for Altran’s shares.
UPDATED: Altran’s Share Trading Close to Capgemini’s Offer
Despite regular announcements that Elliott has increased its long positions on Altran’s shares, Altran’s share has been trading in the range of €14.08-14.20, close to Capgemini’s €14 offer. And since the announcement of the take-over, Altran’s share has not gone beyond €14.78.
Capgemini’s Acquisition of Altran Delayed by Elliott by Up to Five Months
Capgemini’s acquisition of Altran will be delayed by up to six months. Edge Fund Elliott has, through intermediaries, brought, the case to court. The initial ruling on December 4 will decide if the acquisition will be suspended. A final ruling will occur by end of the March at the latest.