Each Board of Directors of Atos and syntel unanimously approved the transaction in the case of Syntel, based on the unanimous recommendation of a special committee of Syntel`s bureau. Written voting agreements with Syntel shareholders, including the founders, to vote in favor of the transaction, represent 51% of the outstanding shares. The transaction is subject to the reservation of the usual anti-cartel and abuse of dominant position authorisations. The procedures in force with regard to works councils are followed. The transaction is expected to close by the end of 2018. Media: Terence Zakka – +33 6 12 88 12 61 – firstname.lastname@example.org Investor Relations: Gilles Arditti – +33 6 11 69 81 74 – Syntel stated email@example.com that the Atos transaction was subject to administrative approvals, Syntel shareholder approvals and other customary closing conditions. Syntel said its founders and some of their affiliates, which together hold about 51.07 percent of the pending syntel shares, have agreed to vote in favor of the merger, but they have the right to terminate their commitments if Syntel`s board of directors changes its recommendation to shareholders or if the final agreement terminates. Atos (EURONEXT PARIS:ATO), a global leader in digital transformation, today announced its agreement with Syntel (NASDAQ:SYNT), a global leader in information technology and knowledge processes, for Atos` acquisition of Syntel for a total of $3.4 billion, or $41.0 $US per Syntel share. After the conference, a recording of the webcast will be available on atos.net in the field of investors. It and digital service provider Syntel Inc. said on July 22 that it has entered into a definitive merger agreement with Atos SE in a cash transaction worth approximately $3.57 billion, including Syntel`s debt.
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management`s current expectations or beliefs and currently available competitive, financial and economic data and are subject to uncertainties and changes in circumstances. Actual results may differ materially from those expressed or implied in the forward-looking statements, due to changes in economic, commercial, competitive, technological and/or regulatory factors and other risks and uncertainties that affect the operation of Syntel`s business, including many factors beyond our control. . . .