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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.
:Debt-laden French tech group Atos said on Tuesday it has entered exclusive negotiations for selling its Worldgrid unit for an enterprise value of 270 million euros ($289.93 million) to engineering consulting group Alten.
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.
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Royal Mail's parent company International Distributions Services said on Wednesday it had agreed to a 3.57 billion pound ($4.55 billion) formal takeover offer by Czech billionaire Daniel Kretinsky.
Royal Mail's parent company International Distributions Services is set to agree a £3.5 billion ($4.42billion) takeover by Daniel Kretinsky if the Czech billionaire tables a formal offer, the British firm said on Wednesday.
Struggling IT firm Atos on Monday said that it had received an offer from the French government to potentially take over some of its business.