Capgemini shares fell sharply on the Paris bourse, after the company said it was not in takeover talks with Indian rival Wipro. Shares in the computer services firm ended the day down 3.2 per cent to €43.57, while Wipro shares edged up 2.5 per cent to close at 549.3 rupees ($13.93) on the Bombay Stock Exchange, Bloomberg reports …
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Posted Thursday 27th December 2007 22:51 GMT
"And as hostile takeovers in the software services sector are rare, it is likely that that an acquisition is on the cards, until it receives the blessing of Capgemini's board. ®"
There seems to be a word or two missing.
Posted Friday 28th December 2007 00:10 GMT
no, that sounds right- remember what sir Humphrey Appleby used to say: once its been officialy denied, it must be true.
Posted Friday 28th December 2007 10:13 GMT
"it is likely that that an acquisition is on the cards.." One of those wild card Deadhead hunted acquisitions would be very much in Vogue.
The right acquisition can easily reverse the table to provide a mirroring further advanced concept.
"There seems to be a word or two missing." Priceless black humour, ian. :-) Bravo.
Posted Friday 28th December 2007 10:13 GMT
Could it be that the denial is a ploy to lower the target's current share price so that those in the know can buy a few more in the open market *before* the actual takeover talks begin ?? Once the talks begin, it will be considered as "insider trading" and is severely frowned upon.
It could be a matter of timing or mis-timing of the announcement on someone's part.
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