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Elliott Builds Stake in Capgemini’s Takeover Target Altran

(Bloomberg) Elliott Management Corp. has built a position in Altran Technologies SA, the French software company that agreed last month to be acquired by Capgemini SE for 3.6 billion euros ($4 billion). The New York-based hedge fund has bought about 5.1 million equity swaps in Altran through its European subsidiary, Elliott Capital Advisors, according to a regulatory filing on Friday. Elliott doesn’t have any immediate plans to tender the shares that it could acquire via the swaps, it said in the filing.

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