TechCrunch:
Digital security solutions provider Gemalto has agreed to a €51 per share acquisition offer from French aerospace and defense group Thales — in a deal worth around $5.43BN. The unanimously board approved all-cash offer represents a premium of 57% over the closing price of Gemalto stock as of 8 December 2017.
In a statement today recommending Thales’ offer, CEO Philippe Vallée said: “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,” adding that it would enable Gemalto to “accelerate its development and deliver its digital security vision”.
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