By Najat KantouarAtos said it has proposed an alternative sale of its computing and cybersecurity assets to continue in talks with the French state after an initial 700 million-euro ($768.4 million) offer expired without an agreement. The beleaguered French IT group said it offered to continue discussions and sent a new proposal to the French state in line with the financial restructuring plan, it said Monday. Atos said any potential sale which will be subject to approval by the Nanterre Commercial Court, to which the accelerated safeguard plan will be submitted on Oct. 15. The French state offered to buy Atos's advanced computing, mission-critical systems and cybersecurity products businesses in June for 700 million euros on an enterprise value basis. The offer expired on Oct. 4 but this has no impact on Atos's financial-restructuring process, it said.

Source: Wall Street Journal October 07, 2024 07:40 UTC