PARIS May 29 French state-owned investment fund
Bpifrance said it would support a bid from technology services
group Atos to buy rival Bull, in which it
owns 3.2 percent.
Atos has offered to buy Bull for 4.90 euros per share,
valuing the target at 620 million euros ($843 million), to
strengthen its position in the fast-growing cloud computing
"After examination of the offer ... Bpifrance supports the
friendly takeover presented to the board of Bull and has decided
to submit the entirety of its shares to the transaction," the
fund said in a statement on Thursday.
Bull's main shareholders, Crescendo Industries and Pothar
Investments, with 24.3 percent between the two of them, and
French telecom group Orange, which owns 8 percent,
have already committed to tender their shares.
($1 = 0.7354 Euros)
(Reporting by Michel Rose; Editing by Pravin Char)