October 20, 2003
Paris-based computer consultant Cap Gemini Ernst & Young announces its friendly €243 million ($239.9 million) all-stock offer to buy Willkie client Transiciel SA, Cap Gemini’s French IT rival.
On October 20, Paris-based computer consultant Cap Gemini Ernst & Young announced its friendly €243 million ($239.9 million) all-stock offer to buy Willkie client Transiciel SA, Cap Gemini’s French IT rival. The deal will make Cap Gemini the biggest European supplier of information support services to small and medium-size firms across the Continent. Cap Gemini is offering one new Cap Gemini share for every three Transiciel shares. The offer values Transiciel shares at €13.15, a premium of 24.9% over the average Transiciel share price in the past month. The October 21 edition of The Daily Deal notes that a Willkie team, headed by Paris partner Laurent Faugérolas, represented Transiciel in this deal.