Accenture (ACN.N) intends to acquire a 47.7 percent stake in French service consultancy firm Octo Technology (ALOCT.PA), the company said in a statement on Thursday.
Accenture plans to buy the stake at 22.50 euros per share, a premium of 43.8 percent on Octo's Wednesday closing price. Once completed, the consultancy and outsourcing company plans to file a voluntary cash tender offer for the acquisition of the remaining Octo shares.
The tender offer values Octo Technology on a fully diluted basis at approximately 115 million euros.
(Refiles to change day to Thursday in first paragraph)
(Reporting by Wout Vergauwen; editing by Susan Thomas)