Powell speech takes center stage in Tuesday’s economic events
NEW YORK/LONDON - WNS Holdings Limited (NYSE:WNS) announced Thursday that the Royal Court of Jersey has sanctioned its acquisition by Capgemini S.E. (EURONEXT PARIS:CAP) through a scheme of arrangement. The transaction is expected to close on October 17, following delivery of the court order to the Jersey registrar.
The deal, first announced on July 7, will see Capgemini acquire WNS for $76.50 per share in cash, valuing the transaction at $3.3 billion excluding WNS’s net financial debt.
Settlement details for shareholders were outlined in the scheme circular published on July 30. Registered shareholders will receive payment after submitting required documentation to the paying agent, while beneficial holders will receive payment through their brokers.
WNS, a digital-led business transformation and services company, employs over 66,000 professionals across 65 delivery centers worldwide. The company provides solutions including customer experience services, finance and accounting, human resources, and research and analytics to more than 700 clients.
The announcement follows previous regulatory approvals needed to complete the transaction. WNS has advised shareholders to consult their tax advisors regarding tax consequences of the acquisition.
The information is based on a press release statement from WNS Holdings Limited.
In other recent news, leading proxy advisory firms Institutional Shareholder Services (ISS) and Glass Lewis have recommended that WNS shareholders vote in favor of the company’s proposed acquisition by Capgemini. This recommendation is set for consideration at the Court Meeting and General Meeting of Shareholders scheduled for August 29, 2025. The acquisition has been a focal point for investors, with the backing from these advisory firms likely influencing shareholder decisions. Proxy advisory firms play a significant role in guiding shareholders on corporate governance issues, and their support often carries weight in voting outcomes. While the recommendation does not guarantee approval, it is a noteworthy development in the acquisition process. Investors are closely watching these proceedings, as mergers can significantly impact a company’s future operations and financial performance. These recent developments highlight the ongoing strategic maneuvers within the industry.
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