“Announcement of a project of buyout offer followed by a squeeze-out on Bull’s shares”
Paris, October 02, 2014
Following the settlement and delivery of the reopened friendly tender offer on Bull's shares (visa AMF n°14-327 dated June 24, 2014) at € 4.90 per share and at € 5.55 per OCEANEs (bonds convertible and/or exchangeable into new or existing shares), and the acquisitions of shares made at the same price after the announcement of the result of such offer, Atos has crossed upwards the 95% threshold of the share capital and voting rights of Bull and now holds 116,993,469 shares representing 95.56% of the share capital and voting rights of Bull and holds 11,871 Bull's OCEANEs, representing 20.25% of outstanding Bull's OCEANEs.
In order to quickly proceed with the full integration of Bull, Atos has decided to initiate a buyout offer followed by a squeeze-out on Bull's remaining shares and OCEANEs, at the same price, i.e. at € 4.90 per share and at € 5.55 per OCEANEs (“the Offer”).
In accordance with applicable regulation, the firm Ricol Lasteyrie has been appointed as an independent expert to assess financial conditions of the Offer and to deliver a fairness opinion.
The Offer document jointly prepared by Atos and Bull will be filed with the AMF within the coming weeks.
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Atos SE (Societas Europaea) is an international information technology services company with 2013 annual revenue of € 8.6 billion and 76,300 employees in 52 countries. Serving a global client base, it delivers IT services in 3 domains, Consulting & Technology Services, Systems Integration and Managed Services & BPO, and transactional services through Worldline. With its deep technology expertise and industry knowledge, it works with clients across the following market sectors: Manufacturing, Retail & Transportation; Public & Health; Financial Services; Telcos, Media & Utilities.
Atos is focused on business technology that powers progress and helps organizations to create their firm of the future. It is the Worldwide Information Technology Partner for the Olympic & Paralympic Games and is listed on the Euronext Paris market. Atos operates under the brands Atos, Atos Consulting & Technology Services, Worldline and Atos Worldgrid.
Bull is the trusted partner for enterprise data. The Group, which is firmly established in the Cloud and in Big Data, integrates and manages high-performance systems and end-to-end security solutions. Bull's offerings enable its customers to process all the data at their disposal, creating new types of demand. Bull converts data into value for organisations in a completely secure manner.
Bull currently employs around 9,200 people across more than 50 countries, with over 700 staff totally focused on R&D. In 2013, Bull recorded revenues of € 1.3 billion.