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.