Atos succeeds in bid to buy Bull, will boost security and cloud offerings
August 11, 2014
Grazed from PC World Magazine. Author: Mikael Ricknäs.
Atos’s offer to acquire servers and services specialist Bull has been approved, making it possible for the company to beef up its security and cloud computing offerings. The French IT services company announced a €620 million (US$830 million) bid for Bull at the end of May.
The deal required Atos to acquire 50 percent plus one share of Bull’s equity, and that condition has been met, Atos said Monday. It will hold 84.25 percent of Bull’s share capital and voting rights and 18.4 percent of the convertible bonds in circulation by a settlement date set for next Monday, the company said…
With the approval out of the way, Atos can get on with the integration work. The goal of the acquisition is to take advantage of Bull’s know-how in sectors such as cloud operations, security and big data…
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