French $3 bln cyber deal would suit Atos most
. Defence group Thales would pick up the cybersecurity business for $3 billion , with buyout funds like Bain Capital taking the rest.
That would allow Atos shareholders to realise some cash from a messy situation. New Chief Executive Rodolphe Belmer may have to launch a costly restructuring. And while Atos looks cheap, at roughly 8 times 2022 earnings as per Refinitiv data, a history of missed targets justifies such a low multiple. Just five of the 20 analysts following the company recommend buying the shares.
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