Cap Gemini to buy U.S.-based IGATE in $4 billion deal

April 27, 2015 5:42 AM

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Cap Gemini to buy U.S.-based IGATE in $4 billion deal

PARIS (Reuters) - French IT services company Cap Gemini said on Monday it planned to buy U.S.-based IGATE Corp for $4 billion cash in a deal that will make North America its biggest market.

IGATE, a technology and services company headquartered in New Jersey with 2014 revenues of $1.3 billion, double-digit growth, and a 19 percent operating margin, is to be acquired for $48 a share, Cap Gemini said. IGATE's shares closed on NASDAQ on Friday at $45.85.

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