On December 3, 2019, Elliott Management Corp announced that it continues to build its stake in Capgemeni SE's takeover target Altran Technologies SA, taking its holding in the French digital engineering services provider to 12% at the end of November. Elliott stated that it plans to vote its stake against Capgemeni's agreed Euro3.6 billion ($3.96 billion) offer for the Company, claiming the Euro14 per share bid ‘neither reflects the Company’s intrinsic fair value, nor an adequate premium for control.’