Capgemini acquires iGATE for $4 billion
Posted on: 2015-04-28 Posted by: CLAT Gurukul Category: Archive Blog
Capgemini and iGATE have entered into a definitive merger agreement under which Capgemini will acquire iGATE for a cash consideration of $48 per share. the transaction will amount to $4 billion and is expected to be immediately accretive to Capgemini’s normalized Earnings Per Share (EPS)1. iGATE is US-listed IT services company headquartered in New Jersey. This transaction would lead to a group with an estimated combined revenue of €12.5 billion in 2015, an operating margin above 10 per cent and around 190,000 employees.
For more updates on topics asked in CLAT, keep visiting CLAT Gurukul which is a knowledge sharing initiative of The Knowledge Tree, Patna's premier coaching institute for CLAT and for other law entrance exams like AILET, SET, LSAT etc.