Thales: closing of takeover bid on Gemalto set for 28 March

(CercleFinance.com) - Thales and Gemalto today announced that Thales has decided to renounce the condition precedent for regulatory authorisations for merger control and foreign investment in Russia.


All other regulatory authorities have been obtained, namely from the competition authorities in South Africa, Australia, China, the United States, Israel, Mexico, New Zealand, Turkey and the European Union. Authorisations for foreign investment have been obtained in Australia, Canada and the United States (CFIUS), meaning that condition precedent for regulatory authorities has now been satisfied.

Gemalto shareholders now have two full weeks to tender their Thales shares to the offer. The acceptance period will thus end at 17:40 (Amsterdam time) on Thursday 28 March 2019.

The offer price has been set at 51 euros per share. If the offer is declared unconditional, the settlement should take place on 2 April 2019.

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