Capgemini’s friendly tender offer for Altran : closing date Jan 22, 2020

Paris, December 18, 2019 – The French financial market authority (Autorité des marchés financiers – AMF) has set January 22, 2020 as the closing date of Capgemini’s friendly tender offer for Altran Technologies (Euronext Paris: ALT). This follows a ruling from the First President of the Paris Court of Appeal rejecting a request from a minority shareholder to delay the closing date of the tender offer.

Altran’s shareholders have until January 22, 2020 to tender their shares to Capgemini’s tender offer for a price of €14 per share.

Paul Hermelin, Chairman and Chief Executive Officer of the Capgemini Group, said:

“The decision from the First President of the Paris Court of Appeal and the closing date set by the AMF provide visibility and clarity for Altran’s shareholders and take us a step closer to completing our offer for Altran.

 “We are proposing to Altran’s shareholders €14 per share, representing a substantial 33% premium for Altran shareholders. This price is based on our deep knowledge of the industry and on the due diligence we carried out on Altran. It also results from extensive negotiations including with Altran’s reference shareholder.

 “This transaction will enable industrial companies to fully leverage the IT expertise and services that Capgemini can provide.”

Altran’s Board of Directors has considered that this friendly tender offer is in the interests of Altran, its shareholders and employees, and recommended that Altran’s shareholders tender their shares to the tender offer. The independent expert noted that the price offered, €14 per share, shows a premium compared to all the valuation criteria used as the main criteria and therefore on “the full value of Altran, without integrating execution risks“. The expert thus considered this price to be fair from a financial point of view to Altran’s shareholders.

Capgemini’s offer document and Altran’s response document, as approved by the AMF on October 14, 2019 under visa no. 19-489 and visa no. 19-490 respectively, as well as documents relating to the other information of each company, are available on the AMF website (www.amf-france.org), and on the websites of Capgemini (www.capgemini.com/altran-en) or Altran Technologies (www.altran.com). These documents can be obtained free of charge from Capgemini (11 rue de Tilsitt, 75017 Paris, France) or Altran Technologies (96 avenue Charles de Gaulle, 92200 Neuilly-sur-Seine, France), depending on whether they relate to Capgemini or Altran Technologies.

The Paris Court of Appeal will rule upon the merits of the action by the end of March 2020.

 

IMPORTANT INFORMATION

This press release is disseminated for information purposes only and does not constitute an offer to purchase, or a solicitation of an offer to sell, any securities of Altran Technologies.

Investors and shareholders are strongly advised to read the documentation relating to the tender offer, which includes the terms and conditions of the offer, as well as any amendments or supplements to those documents as they will contain important information about Capgemini and the proposed transaction. The offer document of Capgemini, as approved by the AMF on October 14, 2019 under number 19-489, as well as well as the document relating in particular to the legal, financial and accounting characteristics of Capgemini are available on the AMF website (www.amf-france.org) and Capgemini’s website (www.capgemini.com). Such documents can also be obtained free of charge from Capgemini (11 rue de Tilsitt, 75017 Paris, France), BNP Paribas (4 rue d’Antin, 75002 Paris, France), Crédit Agricole Corporate and Investment Bank (12 place des Etats-Unis, 92547 Montrouge Cedex, France), HSBC France (109 avenue des Champs Elysées, 75008 Paris, France) and Lazard Frères Banque (121 boulevard Haussmann, 75382 Paris Cedex 08, France).

This press release must not be published, broadcast or distributed, directly or indirectly, in any country in which the distribution of this information is subject to legal restrictions. The tender offer will not be open to the public in jurisdictions in which its launch is subject to legal restrictions.

The publication, broadcasting or distribution of this press release in certain countries may be subject to legal or regulatory restrictions. Therefore, persons located in countries where this press release is published, broadcasted or distributed must inform themselves about and comply with such restrictions. Capgemini disclaims any responsibility for any violation of such restrictions.