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OFFON

EPAM SYSTEMS, INC.

(EPAM)
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EPAM Systems, Inc. entered into a voluntary takeover offer to acquire Emakina Group SA for approximately €120 million.

08/17/2021 EDT

EPAM Systems, Inc. (NYSE:EPAM) entered into a voluntary takeover offer to acquire Emakina Group SA (ENXTBR:ALEMK) for approximately €120 million on August 14, 2021. Under the term, EPAM will acquire 3.89 million share of Emakina at €29.66 per share. The transaction is subject to the Belgian Financial Services and Markets Authority (FSMA) approval. EPAM has filed a prospectus with the FSMA on August 18, 2021. On August 14, 2021, the board of Emakina decided to support the Offer and, with EPAM, entered into a transaction agreement setting out the terms of such support. The board of directors of Emakina considers that the terms and conditions of such friendly Offer are favorable to all shareholders and other stakeholders and unanimously recommends that shareholders tender their shares to EPAM. To date and following the decision of the board to support the Offer, EPAM has received irrevocable undertakings from shareholders to tender to the Offer 3.71 million shares of Emakina, representing 95,38% of the total voting shares issued by Emakina, including Emakina's own shares. The deal is expected to be completed by October 29, 2021. Latham & Watkins LLP acted as legal advisor to the company.


© S&P Capital IQ 2021
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Analyst Recommendations on EPAM SYSTEMS, INC.
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Financials (USD)
Sales 2021 3 665 M - -
Net income 2021 469 M - -
Net cash 2021 1 501 M - -
P/E ratio 2021 78,1x
Yield 2021 -
Capitalization 35 054 M 35 054 M -
EV / Sales 2021 9,16x
EV / Sales 2022 7,13x
Nbr of Employees 41 168
Free-Float 96,3%
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Technical analysis trends EPAM SYSTEMS, INC.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 16
Last Close Price 618,99 $
Average target price 661,50 $
Spread / Average Target 6,87%
EPS Revisions
Managers and Directors
Arkadiy Dobkin Chairman, President & Chief Executive Officer
Jason Peterson Chief Financial Officer, Treasurer & SVP
Sam Rehman Chief Information Security Officer & Senior VP
Yuriy Goliyad Senior Vice President & Head-Global Operations
Philip B. Storm Chief Compliance Officer & Senior Vice President
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