- Wednesday, October 16, 2024
Shares of technology company Atos traded higher today as major shareholder Onepoint announced that it has raised its stake in the company and intends to continue buying stock and seek representation on the board.
As of 08:40 GMT, Atos shares were up 5.5% at EUR6.66, bringing its year-to-date gain to 31%. The stock had previously jumped as much as 10% earlier in the day.
Onepoint revealed that it now holds an 11.4% stake in Atos, compared to its previously disclosed position of 9.9% as of November 1.
Onepoint also expressed its belief that the terms of Atos's planned sale of its Tech Foundations business should be revised and improved compared to the initial proposal made in August. At that time, Atos had entered into exclusive negotiations to sell Tech Foundations to EP Equity Investment, an investment company led by Czech billionaire Daniel Kretinsky, in a deal worth 2 billion euros ($2.17 billion) including debt.
Atos stated that it welcomes the opportunity to engage in a constructive dialogue with Onepoint, as it does with all its shareholders.
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