PARIS, April 8 French IT services group Sopra
said on Tuesday it planned to take over rival Steria
to create a company with more than 3.1 billion euros
($4.3 billion) in sales.
The friendly tie-up will see Steria shareholders receive one
Sopra share for every four Steria shares held, the companies
said in a statement.
With an exchange value of 22 euros per Steria share, the
offer represents a 40 percent premium to the April 4 closing
price, Steria said.
The tie-up will have a neutral effect on basic earnings per
share in 2015 and strongly boost earnings from 2016, Steria
said. The combined group aims for revenue above 4 billion euros
and an operating margin that will gradually improve towards 10
($1 = 0.7277 Euros)
(Reporting by Natalie Huet; Editing by James Regan)