People walk in front of Atos company's logo during a presentation of the new Bull sequana supercomputer in Paris, France, April 12, 2016.
PHOTO: REUTERS
Atos will pay $41 per share, which represents a premium of 4.78 per cent to Syntel’s closing price of $39.13 on Friday.
Google to invest $550 million in Chinese e-commerce giant
The deal, which is subject to regulatory approval, was unanimously approved by Syntel’s board of directors, the companies said in a joint statement.
Syntel is a 38-year-old information technology company with 23,000 employees.
Amazon under fire for supplying police with facial recognition tool
Syntel Chief Executive Rakesh Khanna will become a member of Atos’ executive committee.
Syntel is expected on Thursday to report second-quarter revenue of $249.7 million and earnings per diluted share of $0.49, the company said.
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ