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BRIEF-Orange to buy French data and consultancy group Business & Decision
October 26, 2017 / 6:49 AM / in 2 months

BRIEF-Orange to buy French data and consultancy group Business & Decision

Oct 26 (Reuters) - Orange/Business & Decision :

* Orange has agreed to acquire 63.98% of the capital of Business & Decision, an international consulting and systems integration group, listed on Euronext Paris

* Acquisition aims to strengthen Orange Business Services’ activities as a data services integrator and operator in France and internationally

* Acquisition of a majority stake would be made in cash on the basis of a maximum price of 7.93 euros per share

* Following the acquisition of this majority interest, Orange will file a proposed simplified takeover bid at 7.93 euros per share covering all of the shares it does not already hold in Business & Decision

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