EU Commission approves Atos Origin acquisition of Siemens IT Solutions
29/03/2011
The transaction is expected to close by July 2011. EU Commission approves Atos Origin acquisition of Siemens IT Solutions

Fuente:    www.consultant-news.com   Fecha:  29.03.2011

Atos Origin obtained clearance from the European Commission to proceed with the acquisition of Siemens IT Solutions. Atos signed a final binding agreement to acquire Siemens IT Solutions and Services with Siemens AG on February 1st, 2011.

The transaction is also approved by the US anti-trust authorities in the absence of any observation during the relevant waiting period.

The transaction is expected to close by July 2011, subject to the completion of the remaining condition precedents of the deal, among which the Atos Origin shareholders approval at an Extraordinary Shareholders Meeting.