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.
Monday, April 27, 2015
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