(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.
Elliott Builds Stake in Capgemini’s Takeover Target Altran
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