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Elliott secures position in Altran Technologies in light of Capgemini's bid

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Elliott secures position in Altran Technologies in light of Capgemini's bid

U.S. activist fund Elliott Management Corp. has acquired millions of equity derivatives on Altran Technologies SA's stocks following Capgemini SE's €3.6 billion acquisition offer for the engineering consulting services company, Reuters reported, citing a filing with the French regulator Autorité des Marchés Financiers.

Elliott does not directly own the Altran shares yet and does not plan to tender the shares it may own in the company.

However, Elliott reserves the right to change its mind once Capgemini's proposed acquisition of Altran closes.