The Finance Insider blog

Search This Blog

Blog Archive

The Finance Insider

Monday, April 27, 2015

Cap Gemini plans to buy U.S. based iGATE

Looking to make North America its largest market, Cap Gemini  plans to buy U.S.-based iGATE  for $4B, or $48 per share. The deal, which has been agreed on by both boards, will be financed through a combination of the French company's cash, debt and an equity portion that will not exceed a 6% dilution of its share capital. Cap Gemini also expects the acquisition to enhance earnings by 12% in 2016 and 16% in 2017.

No comments:

Post a Comment