Deals
Steria Rejects Atos Offer as It Says Bid From Rival Unsolicited
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Groupe Steria SCA, one of France’s oldest computer-services providers, said yesterday a bid from local competitor Atos was unsolicited and that it hasn’t had, and doesn’t want, any discussions with its rival.
Steria’s statement came after Atos said it maintained an offer price of 22 euros ($30.39) per share for the company and that the bid will run until May 27. That would value Steria at about 730 million euros, based on shares outstanding, compared with a current market capitalization of 652 million euros, Bloomberg calculations show.