IGate May See 30% Premium in Potential Sale, UBS Says
2015-04-17 12:42:20.564 GMT
By Joshua Fineman
(Bloomberg) -- Assuming 30% premium, and before any
synergies, sees 16%-18% PBT accretion for Atos, Capgemini in
2016/2017, though Capgemini would likely get addtl cash tax
benefits from its E&Y tax shield, UBS analyst Michael Briest
wrote in note.
* Sees Atos as less likely buyer than Capgemini for IGTE
* NOTE: Earlier, Capgemini, Atos in Talks to Buy IGATE,
Business Standard Says
* IGTE up 7.5% premkt
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To contact the reporter on this story:
Joshua Fineman in New York at +1-212-617-8953 or
jfineman@bloomberg.net
To contact the editors responsible for this story:
Arie Shapira at +1-212-617-1488 or
ashapira3@bloomberg.net
Joshua Fineman
2015-04-17 12:42:20.564 GMT
By Joshua Fineman
(Bloomberg) -- Assuming 30% premium, and before any
synergies, sees 16%-18% PBT accretion for Atos, Capgemini in
2016/2017, though Capgemini would likely get addtl cash tax
benefits from its E&Y tax shield, UBS analyst Michael Briest
wrote in note.
* Sees Atos as less likely buyer than Capgemini for IGTE
* NOTE: Earlier, Capgemini, Atos in Talks to Buy IGATE,
Business Standard Says
* IGTE up 7.5% premkt
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Joshua Fineman in New York at +1-212-617-8953 or
jfineman@bloomberg.net
To contact the editors responsible for this story:
Arie Shapira at +1-212-617-1488 or
ashapira3@bloomberg.net
Joshua Fineman