Deals
Atos Buys Syntel in $3.4 Billion U.S. Push for Amex, FedEx
- French company gains large customers including financials
- First-half earnings weak in North America; shares fall
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Atos SE agreed to buy Syntel Inc. in a $3.4 billion cash deal to help it get better access to U.S. financial customers like American Express Co. and State Street Corp.
At $41 a share, the transaction is also a way for acquisitive French computer-services provider Atos to recover from a rebuffed bid 8 months ago for Gemalto NV, which secures digital payments for banks and other clients.