16 July 2018
Visit www.gemalto.com

Gemalto accepts EUR4.8 billion takeover offer from Thales

18 December 2017  |  9168 views  |  0 cash

Gemalto has spurned overtures from Atos and instead accepted a EUR4.8 billion takeover deal from fellow French company Thales.

The €51 offer price, representing a premium of 57% over Gemalto's closing price as of 8 December 2017, bests Atos' unsolicited EUR4.3 billion offer for the ailing French company.

Philippe Vallée, Gemalto’s CEO, comments: “I am convinced that the combination with Thales is the best and the most promising option for Gemalto and the most positive outcome for our company, employees, clients, shareholders and other stakeholders. We share the same values and Gemalto will be able to pursue its strategy, accelerate its development and deliver its digital security vision, as part of Thales.”

The combined group will be a world leader in trusted identities and data security, employing more than 28,000 engineers, 3,000 researchers, and investing more than €1bn in self-funded R&D.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Atos offers EUR4.3billion to buy out Gemalto

Atos offers EUR4.3billion to buy out Gemalto

12 December 2017  |  10112 views  |  0 comments | 6 tweets | 17 linkedin
Gemalto shares in freefall as US switch to chip slows

Gemalto shares in freefall as US switch to chip slows

22 March 2017  |  5500 views  |  1 comments | 5 tweets

Related company news


Related blogs

Create a blog about this story (membership required)
Visit info.nice.comVisit www.aciworldwide.comVisit http://go.jumio.com/finextraAd

Top topics

Most viewed Most shared
Handelsbanken trials micro contactless cardsHandelsbanken trials micro contactless car...
9944 views comments | 18 tweets | 30 linkedin
Championing financial inclusion and helping the UnstoppablesChampioning financial inclusion and helpin...
8417 views comments | 3 tweets | 1 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
8074 views comments | 6 tweets | 14 linkedin
Faster Payments outage delays thousands of transactionsFaster Payments outage delays thousands of...
7196 views comments | 8 tweets | 19 linkedin

Featured job

Find your next job