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2025-08-19 20:37
Independent proxy advisory firms ISS and Glass Lewis recommended that WNS (NYSE:WNS) shareholders approve the proposed acquisition by Capgemini (OTCPK:CAPMF) (OTCPK:CGEMY).
CGEMY was trading +1.26% Tuesday pre-market to $29.01. WNS closed +0.16% on Monday at $75.14.
In July, Capgemini agreed to acquire WNS for $3.3B in cash, offering $76.50 per share.
ISS and Glass Lewis cited the implied share price premium as key factors in establishing their 'FOR' recommendations.
WNS board also unanimously recommended that stockholders vote in favor of the strategic combination at both the upcoming court meeting and general meeting of shareholders, each scheduled for August 29.