WNS Says Proxy Advisory Firms Back Proposed Acquisition by Capgemini
MT Newswires Live
Aug 19
WNS (WNS) said Tuesday that proxy advisory firms Institutional Shareholder Services and Glass Lewis have each recommended that stockholders vote in favor of the acquisition of the company by Capgemini.
The two firms determined that the proposed deal is in the best interest of WNS shareholders, citing the company's assessment of alternative proposals and implied share price premium, WNS said.
The transaction, which involves a total cash consideration of $3.3 billion excluding WNS net financial debt, is on track to close before year's end, WNS said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.