Tag: $Atos

Shares in Atos soared after the beleaguered French IT company received an offer from the French government to acquire its advanced computing activities for up to 625 million euros ($651.7 million).

Shares in beleaguered French IT company Atos fell around 12% on Tuesday after the firm said it had chosen a rescue deal, which is set to result in a major dilution of existing shareholders.

Shares of the struggling French IT firm Atos tumbled on Monday as the company weighs between two rescue deals both set to lead to “massive dilution” of existing shareholders.

Atos shares jumped Monday after a Paris-based investment company joined forces with consulting firm Onepoint in its bid to salvage the troubled IT group.

French technology company Atos ATOS.PA named on Monday Paul Saleh as its new chief executive, and warned that its free cash flow would be slightly below its initial target for the second half of the year.

Atos (ATOS.PA), the struggling French IT consulting firm planning to split into two listed entities, said it expected sales at loss-making unit Tech Foundations to hit bottom in 2024.