/Security

Fintech News that focuses in on Security

Thales and Gemalto reach agreement with US antitrust aithorities on GP HSM divestment

Source: Gemalto

As announced by the United States Department of Justice (“DoJ”), Thales and Gemalto confirm today that they have reached an agreement with the Antitrust Division of the DoJ that will allow the companies to proceed with the Offer.

onsistent with commitments already made to the European Commission and other regulatory authorities, the agreement requires the divestiture of Thales’s general purpose hardware security modules (GP HSM) business1.

The agreement with the DoJ remains subject to court approval.

Thales and Gemalto expect to close the Offer in March 2019.

Further announcements will be made if and when a Regulatory Clearance has been obtained or the Offer Condition with respect to Regulatory Clearances is satisfied, waived or has become incapable of being satisfied, or as otherwise required by applicable law. As announced on 10 August 2018, the Acceptance Period has been further extended by Thales in accordance with a dispensation granted by the Dutch financial markets authority (AFM) and will end two weeks after the fulfilment of the Offer Condition with respect to Regulatory Clearances or the waiver thereof (but no later than the Long Stop Date).

Comments: (0)

Featured job
All Jobs »