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The Wall Street Journal: France’s Atos to buy IT company Syntel in $3.4 billion deal

Atos SE of France has struck a $3.4 billion deal to buy Syntel Inc., a U.S.-based information-technology company, in a move that would give it access to some of the biggest U.S. financial-services companies.

Atos ATO, -0.32% said late Sunday that it plans to pay $41 a share in cash for Michigan-based Syntel. Shares in Syntel SYNT, +0.28% closed at $39.13 on Friday, having more than doubled over the past 12 months. Including assumed net debt, the deal values Syntel at $3.57 billion. The Wall Street Journal reported the deal earlier Sunday.

Atos Chief Executive Thierry Breton said Sunday that an incentive for a deal was Syntel’s strong know-how in digital fields, including cloud services, social media, mobile, analytics and automation.

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