Kretinsky Sweetens Atos Rescue Proposal As Deadline Extended
- New proposal elevates larger portion of company’s debt
- Atos shares rose 8% Thursday, snapping a losing streak
Atos was once one of France’s premier tech companies.
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Atos SE has extended its deadline for selecting a preferred rescue bid to allow for further negotiations about the refinancing proposals.
The French information technology company is evaluating offers from Czech billionaire Daniel Kretinsky’s EP Equity Investment and rival French IT company Onepoint, which both submitted proposals with partners. It’s extending its decision deadline to the “beginning of the week of June 10,” according to statement Thursday.