MORE: Publicis Buys Sapient in All-Cash Deal for $25/Shr
2014-11-03 06:39:53.332 GMT
By Blanche Gatt
Nov. 3 (Bloomberg) -- Publicis says premium is 44% to
Sapient’s closing price on Oct. 31; expects transaction to close
in 1Q 2015.
* Says no need for new equity; to pay with cash, bank/capital
mkt debt; has firm financing commitment from Citi
* Sapient to be delisted from Nasdaq; will merge with Publicis
unit, become wholly-owned subsidiary of Publicis
* Sapient founder Jerry Greenberg to join Publicis supervisory
board as independent member; Sapient CEO Alan Herrick to as
part of Publicis senior management team Directoire+
* Acquisition expected to be accretive to Publicis’ headline
EPS
* Will generate run-rate annual cost synergies of EU50m
* Will generate run-rate annual cost synergies of EU50m</li></ul>
* Conference call: 8:00am CET +44 (0)20 3147 4818
* NOTE earlier: Publicis Groupe to Buy Sapient in $3.7b All-
Cash Transaction
Link to Statement:NSN NEG8O0MEQTXI <GO>
Link to Company News:PUB FP <Equity> CN <GO>
Link to Company News:SAPE US <Equity> CN <GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the editor responsible for this story:
Blanche Gatt at +44-20-7392-0351 or
bgatt@bloomberg.net
2014-11-03 06:39:53.332 GMT
By Blanche Gatt
Nov. 3 (Bloomberg) -- Publicis says premium is 44% to
Sapient’s closing price on Oct. 31; expects transaction to close
in 1Q 2015.
* Says no need for new equity; to pay with cash, bank/capital
mkt debt; has firm financing commitment from Citi
* Sapient to be delisted from Nasdaq; will merge with Publicis
unit, become wholly-owned subsidiary of Publicis
* Sapient founder Jerry Greenberg to join Publicis supervisory
board as independent member; Sapient CEO Alan Herrick to as
part of Publicis senior management team Directoire+
* Acquisition expected to be accretive to Publicis’ headline
EPS
* Will generate run-rate annual cost synergies of EU50m
* Will generate run-rate annual cost synergies of EU50m</li></ul>
* Conference call: 8:00am CET +44 (0)20 3147 4818
* NOTE earlier: Publicis Groupe to Buy Sapient in $3.7b All-
Cash Transaction
Link to Statement:NSN NEG8O0MEQTXI <GO>
Link to Company News:PUB FP <Equity> CN <GO>
Link to Company News:SAPE US <Equity> CN <GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the editor responsible for this story:
Blanche Gatt at +44-20-7392-0351 or
bgatt@bloomberg.net