Thales and Gemalto announce Regulatory Clearance from the Minister of Innovation in Canada

Thales and Gemalto announce Regulatory Clearance from the Minister of Innovation in Canada
15.08.2018 07:55 am

Thales and Gemalto announce Regulatory Clearance from the Minister of Innovation in Canada

Investment Management

Reference is made to the joint press release by Thales (Euronext Paris: HO) and Gemalto (Euronext Amsterdam and Paris: GTO) dated 27 March 2018 in relation to the launch of the recommended all-cash offer by Thales for all the issued and outstanding shares of Gemalto (the "Offer"), the publication of the Offer Document, and the joint press release of Thales and Gemalto dated 10 August 2018 in relation to the further extension of the Acceptance Period. Terms not defined in this press release will have the meaning as set forth in the Offer Document.

Thales and Gemalto today announce that they have received foreign investment Regulatory Clearance in Canada.

Together with the anti-trust clearance obtained in China and Israel, and clearance relating to foreign investments in Australia, Thales and Gemalto have obtained 4 of the required 14 Regulatory Clearances.

Thales and Gemalto continue to work constructively with the competent antitrust authorities to obtain the remaining Regulatory Clearances in Australia, for the European Union, in Mexico, in New Zealand, in Russia, in South Africa, in Turkey, and in the United States. In addition, Thales and Gemalto are seeking CFIUS approval in the United States and Regulatory Clearance relating to foreign investments from the competent authority in Russia.

As expected, the transaction should close shortly after all of the Regulatory Clearances have been secured which should occur before the end of 2018.

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 an exemption 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).

Related News

SEDCO Capital's Islamic investment strategy is basis for CFA Institute partnership

SEDCO Capital, a leading global asset manager, has partnered with the CFA Institute to provide a best-practice case study on its fully Shariah-compliant Prudent Ethical... Read more »

BANKEX, Fusion Foundation to Provide Digital Funding Platform for SMEs

... Read more »

SIX and Eagle Investment Systems Expand Alliance to Include Global Sanctions Data

Eagle clients can now source sanctions data directly from SIX for use within Eagle solutions. The alliance will help to streamline efforts by clients to source, validate, and... Read more »

Investment app tickr marks major growth milestone with crowdfunding campaign

Investment app, tickr, is today launching its crowdfunding campaign on leading investment platform Seedrs. Funds raised will be used to accelerate user acquisition, while... Read more »

BlueBay chooses Alpima to equip its sales, product and multi-asset teams for fund data

BlueBay has chosen Alpima to further equip its sales, product and multi-asset teams to intelligently visualise fund data and product characteristics across its full fixed... Read more »

KKR Becomes Founding Signatory to Impact Investing Principles in Effort to Create Alignment across Industry

KKR announced that it has become a founding signatory to the Operating Principles for Impact Management, a new market standard for impact investing introduced by the IFC, a... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel