Paris – Paul Hastings LLP, a leading global firm, has advised Bull, an expert in cloud solutions, cyber security, and Big Data services, in connection with the takeover bid, worth €620 million, by international information technology services company Atos for Bull. The price per share for Bull’s shares amounted to €4.90 in cash.
After the announcement of the proposal on 26 May 2014, Atos, on 6 June 2014, filed a proposed public tender offer (“offre publique d’acquisition”) for all of Bull’s share capital. Contribution commitments were obtained from Crescendo Industries and Pothar Investments, Bull’s leading shareholders, involving the total amount of their stake of approximately 24.2% in Bull’s share capital. Orange, owner of 8% of the shares, also indicated it would contribute all of its shares to the offer.
This acquisition should enable Atos to create a leader in Cloud, Cyber security, and Big Data services.
The Paul Hastings team consisted of partners Guillaume Kellner and Etienne Mathey, with partner Pierre Kirch for competition law issues, and partner Stéphane Henry for employment law issues.
Weil, Gotshal & Manges advised Atos with Claude Serra, Partner, Charles Cardon and Louis Gosset, for corporate issues, and Romain Ferla, Partner, Flora Pitti-Ferrandi, and Stéfanie Quilés, for competition law issues. Paul Hastings is a leading global law firm with a strong presence throughout Asia, Europe, Latin America and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world’s top financial institutions and Fortune 500 companies.