Syntel and Atos S.E. are granted CFIUS clearance and have now obtained all regulatory approvals required for the transaction
11 Settembre 2018 - 4:30PM
Syntel, Inc. (Nasdaq:SYNT), a leading global provider of integrated
information technology and knowledge process services, today
announced that the review of the proposed acquisition of Syntel by
Atos by the Committee on Foreign Investment in the United States
(CFIUS) has been completed and there are no unresolved national
security concerns with respect to the transaction.
CFIUS clearance was the final outstanding
regulatory approval required prior to the consummation of the
transaction. Favorable regulatory approvals have already been
obtained from the applicable regulatory agencies in Austria, Serbia
and India and early termination of the waiting period under the
Hart-Scott-Rodino Antitrust Improvements Act in the United States
has been received.
The transaction remains subject to approval by
Syntel’s shareholders at the special meeting scheduled for October
1, 2018. The transaction is then expected to close in early Q4
2018.
About Syntel
Syntel is a leading global provider of
integrated information technology and knowledge process services.
Syntel helps global enterprises evolve the core by leveraging
automation, scaled agile and cloud platforms to build efficient
application development and management, testing and infrastructure
solutions. Syntel’s digital services enable companies to engage
customers, discover new insights through analytics, and create a
more connected enterprise through the internet of things. Syntel’s
"Customer for Life" philosophy builds collaborative partnerships
and creates long-term client value by investing in IP, solutions
and industry-focused delivery teams with deep domain knowledge.
To learn more, visit us at
www.syntelinc.com.
Cautionary Statement Regarding
Forward-Looking Statements
This press release includes certain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements are
based on management’s current expectations or beliefs and on
currently available competitive, financial and economic data and
are subject to uncertainty and changes in circumstances.
Actual results may vary materially from those expressed or implied
by the forward-looking statements herein due to changes in
economic, business, competitive, technological and/or regulatory
factors, and other risks and uncertainties affecting the operation
of the business of Syntel, including many factors beyond our
control. These risks and uncertainties include, but are not
limited to, those associated with the parties’ ability to meet
expectations regarding the timing and completion of the
transaction; the occurrence of any event, change or other
circumstance that would give rise to the termination of the merger
agreement; and the failure to satisfy each of the conditions to the
consummation of the transaction. For a further list and
description of the risks and uncertainties affecting the operations
of our business, see our filings with the Securities and Exchange
Commission, including our annual report on Form 10-K and our
quarterly reports on Form 10-Q.
The forward-looking statements speak only as of
the date such statements are made. Syntel is under no
obligation to, and expressly disclaims any obligation to, update or
alter its forward-looking statements, whether as a result of new
information, future events, changes in assumptions or
otherwise.
Additional Information and Where to Find
It
This communication may be deemed to be
solicitation material in respect of the proposed acquisition of
Syntel by Atos. In connection with the proposed acquisition,
Syntel has filed relevant materials with the SEC, including
Syntel’s definitive proxy statement on Schedule 14A filed on August
28, 2018. STOCKHOLDERS OF SYNTEL ARE URGED TO READ ALL
RELEVANT DOCUMENTS FILED WITH THE SEC, INCLUDING SYNTEL’S PROXY
STATEMENT, BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE
PROPOSED TRANSACTION. Investors and security holders are able
to obtain the documents free of charge at the SEC’s web site,
http://www.sec.gov, and Syntel stockholders have received
information on how to obtain transaction-related documents free of
charge from Syntel.
Participants in
Solicitation
Syntel and its directors and executive officers
may be deemed to be participants in the solicitation of proxies
from the holders of Syntel common stock in respect of the proposed
transaction. Information about the directors and executive
officers of Syntel is set forth in the proxy statement for Syntel’s
2018 Annual Meeting of Stockholders, which was filed with the SEC
on April 27, 2018, and Syntel’s Annual Report on Form 10-K for the
year ended December 31, 2017, which was filed on February 26,
2018. Investors may obtain additional information regarding
the interest of such participants by regarding Syntel’s definitive
proxy statement regarding the transaction.
Contacts: Sameer Arora sameer_arora@syntelinc.com and
Zaineb Bokhari zaineb_bokhari@syntelinc.com
Grafico Azioni Syntel, Inc. (delisted) (NASDAQ:SYNT)
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