Previous close | 2.1400 |
Open | 1.9200 |
Bid | 0.0000 x 0 |
Ask | 0.0000 x 0 |
Day's range | 2.1400 - 2.1400 |
52-week range | 1.7900 - 16.5400 |
Volume | |
Avg. volume | 3,685 |
Market cap | 238.315M |
Beta (5Y monthly) | 1.39 |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | 14 May 2021 |
1y target est | N/A |
It’s been a sharp fall from grace for the French crown jewel Atos as its valuation is down nearly 98% since 2017.
(Reuters) -Atos shares fell 14% on Tuesday as the French IT consulting firm said its refinancing plan, which includes raising 1.2 billion euros ($1.3 billion) via equity and new loans, would mean significant dilution for existing shareholders. Atos said it needs to raise 600 million euros to carry its business through 2024 and 2025 via debt and equity from investors, who can submit financing proposals by April 26. CEO Paul Saleh told journalists in a call that Atos had agreed with creditors on interim financing of 400 million euros to sustain it until a long-term plan is agreed.
Crisis-hit French IT firm Atos has told creditors and bondholders it is seeking more than 1 billion euros ($1.09 billion) in new funds, Bloomberg News reported on Monday, citing people with direct knowledge of a new restructuring plan. Atos is aiming to convert about half of its $5 billion debt into equity as part of the plan disclosed during a confidential meeting on Monday, Bloomberg said. Atos has not made immediately clear who would inject cash in the company and how remaining debt terms would be renegotiated, the Bloomberg report added.