William Blair downgrades WNS stock rating to Market Perform following Capgemini acquisition

Investing.com - William Blair downgraded WNS Limited (NYSE:WNS) from Outperform to Market Perform after Capgemini announced its acquisition of the company. WNS, which maintains a GREAT financial health score according to InvestingPro, has seen its shares surge over 42% in the past six months.

Capgemini revealed Monday it has entered a definitive agreement to acquire WNS for $76.50 per share, representing a total cash value of $3.3 billion.

The transaction has received unanimous approval from the boards of directors at both Capgemini and WNS, according to William Blair.

The acquisition is expected to close by the end of 2025, pending customary closing conditions and regulatory approvals.

William Blair indicated it does not expect competing bids to emerge, citing the "robust strategic fit of the merger" and WNS’s existing approval of the deal as factors in its rating change.

In other recent news, WNS Holdings has been at the center of attention following Capgemini’s announcement of a $3.3 billion acquisition deal. The acquisition, approved by both companies’ boards, offers WNS shareholders $76.50 per share in cash, a 17% premium over its closing price on July 3, 2025. Capgemini aims to create a global leader in AI-powered Intelligent Operations by integrating its technology with WNS’s digital business process services. WNS reported strong financial results, with $1.27 billion in revenue for fiscal year 2025, reflecting a 9% growth over the past three years. Additionally, WNS extended the term of Non-Executive Director Françoise Gri for another year, recognizing her contributions to the board. Stifel analysts maintained their positive outlook on the Information and Financial Technology Services sector, noting that WNS was among the companies that raised their guidance. Meanwhile, the acquisition is expected to be accretive to Capgemini’s earnings per share, with anticipated synergies by 2027. The transaction awaits shareholder approval and regulatory clearances, with completion anticipated by the end of 2025.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.