French group Thales seals $5.6B deal in Gemalto takeover

Save Story
Leer en español

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

PARIS (AP) — French aerospace and defense group Thales has reached an agreement to buy Dutch digital company Gemalto in a deal worth 4.8 billion euros ($5.6 billion).

The announcement late Sunday came only days after Amsterdam-based chip maker Gemalto rejected a 4.3 billion ($5.1 billion) euros takeover offer from French firm Atos.

Thales offered 51 euros per share, a premium of 57 percent over the closing price on Dec. 8. It said the new business will "rank among the top three players worldwide, with €3.5 billion in revenues."

Thales and Gemalto said the all-cash offer has the support of both companies' boards of directors.

Thales, whose major shareholder is the French state, has committed to preserve employment in Gemalto's French activities until at least the end of 2019.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

The Associated Press


    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the Trending 5.
    By subscribing, you acknowledge and agree to's Terms of Use and Privacy Policy.

    KSL Weather Forecast