A PYMNTS Company

France’s Atos Rejects Bid Interest Valued at $4B

By  |  September 29, 2022

French technology consultancy company Atos, whose shares have slumped on scepticism over its restructuring plan, said on Thursday it had rejected expressions of interest in its Evidian unit from rival onepoint and UK private equity fund ICG.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Atos said onepoint and ICG had sent an unsolicited letter of intent related to the potential acquisition of the Evidian business for an indicative enterprise value of 4.2 billion euros ($4.1 billion).

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    “Following the thorough examination of this preliminary and non-binding mark of interest, and upon the recommendation of its ad hoc committee, the board of directors has convened and unanimously concluded that it is not in the interest of the company and its stakeholders,” Atos said. “The board of directors has therefore decided not to proceed.”

    David Layani, the founder of onepoint, urged Atos to reconsider. He told reporters that a combination of one point with Atos would create a new French technology champion, and said onepoint’s overtures to Atos were “friendly”.

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.