Orange Says Not Working on Atos Takeover Plans
By Mauro Orru
Orange said late Wednesday that it isn't working on plans for
the takeover of French IT company Atos SE.
The French telecommunications company made the announcement
following reports it could pursue an acquisition of Atos after a
recent decision from the French State Council that enabled Orange
to recover around 2.2 billion euros ($2.62 billion) as part of a
long-running tax dispute.
Orange confirmed that the reported takeover won't be discussed
at the next meeting of its board of directors.
Write to Mauro Orru at email@example.com; @MauroOrru94
(END) Dow Jones Newswires
November 26, 2020 01:33 ET (06:33 GMT)
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