Update on the Intended Offer by Thales for Gemalto

Update on the Intended Offer by Thales for Gemalto
12.01.2018 08:09 am

Update on the Intended Offer by Thales for Gemalto

Security

Reference is made to the joint press release by Thales (Euronext Paris: HO) and Gemalto (Euronext Amsterdam and Paris: GTO) dated 17 December 2017 in respect of the intended recommended all-cash offer by Thales for all the issued and outstanding ordinary shares in the capital of Gemalto at an offer price of €51.00 per share cum dividend (the "Offer"). 

Pursuant to the provisions of Section 7, paragraph 1 sub a of the Decree, requiring a public announcement including a status update regarding an intended public offer within four weeks following its announcement, Thales and Gemalto hereby provide this joint update on the Offer.

Thales and Gemalto confirm that they are making good progress on the preparation for the Offer. Thales expects to submit a request for review and approval of the offer document in relation to the Offer with the Netherlands Authority for the Financial Markets (Stichting Autoriteit Financiële Markten) during the week beginning 29 January 2018, which is before the applicable deadline under Dutch law. 

In addition, Thales and Gemalto confirm that the process to obtain the required regulatory approvals and clearances for the Offer is proceeding. The transaction is expected to close shortly after Thales has secured all customary regulatory approvals and clearances, which is anticipated in the second half of 2018.

Related News

Workday Expands Security Toolset with Duo Partnership

Workday, Inc., a leader in enterprise cloud applications for ... Read more »

Jumio Helps Byteball Build an Identity Layer for ICOs

Leading digital identity verification provider, Jumio, has teamed up with smart cryptocurrency payments platform,... Read more »

RADWARE REPORT HIGHLIGHTS RISE IN RANSOM HACKS

Radware, a leading provider of cyber security and application delivery solutions, has released its 2017-2018 Global... Read more »

Gemalto and Ponemon Institute Study: Big gaps emerge between countries on attitudes towards data protection in the cloud

Gemalto, the world leader in digital security, can today reveal that while the vast majority of global companies (95%) have adopted cloud services, there is a wide gap in the... Read more »

NTT Security Announces Expansion of Advanced Security Services into Thailand

NTT Security, the specialized security company of NTT Group, has announced expansion into Thailand as part of its strategic growth plan. It will provide Managed Security... Read more »

Intel AMT Security Issue Lets Attackers Bypass Login Credentials in Corporate Laptops

F-Secure reports a security issue affecting most corporate laptops that allows an attacker with physical access to backdoor a device in less than 30 seconds. The issue allows... Read more »

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