Atos Strikes Agreement on Financial Rescue Terms

Atos ATO -6.01%decrease; red down pointing triangle said it reached an agreement with a group of banks and bondholders on the terms of its financial restructuring as the struggling French IT firm seeks to shore up its coffers.

Sunday’s agreement comes after rescue talks between Atos and a consortium which included shareholder Onepoint fell apart late last month, which dealt a blow to the embattled company.

Source: WSJ