- Looking to make North America its largest market, Cap Gemini (OTCPK:CGEMY) plans to buy U.S.-based iGATE (NASDAQ:IGTE) for $4B, or $48 per share.
- The deal, which has been agreed on by both boards, will be financed through a combination of the French company's cash, debt and an equity portion that will not exceed a 6% dilution of its share capital.
- Cap Gemini also expects the acquisition to enhance earnings by 12% in 2016 and 16% in 2017.
- Previously: IGATE reportedly sees buyout interest; shares +4.2% (Apr. 17 2015)