“In reaction to what looks to be an imminent acquisition by French IT giant Capgemini, Nasdaq-listed Igate’s share price has rallied 12% to $45.85 from $40.90 in twelve days. The deal, which some expect will be announced on Monday, would be one of the biggest acquisitions in the IT services space. Paris-based Capgemini could consider taking the $1.2-billion Igate private post the acquisition, said sources. Igate would make an excellent acquisition for Capgemini. They are the right sizes to absorb, not too small so it does not move the dial, but not so big that they will struggle,” said Peter Bendor Samuel, CEO of US-based Everest Group.” Read More.
