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Accenture intends to acquire Octo Technology at 22.50 euros/share

Reuters
Office of Accenture in downtown Helsinki April 27, 2011. REUTERS/LEHTIKUVA/Jussi Nukari

(Reuters) - 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 Friday.

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 (97.69 million pounds).

(Reporting by Wout Vergauwen; editing by Susan Thomas)