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Industry

Thales extends Gemalto offer

10 August 2018

Thales announced on 10 August that it has extended its acceptance period for the acquisition of digital security company Gemalto due to delays in receiving regulatory approval.

Thales’ offer to Gemalto shareholders of EUR51 (USD59) per share was originally due to expire on 6 June but was extended to 15 August in early June.

Thales has received three of 14 authorisations from Australian, Chinese, and Israeli regulators but is awaiting clearance from organisations in the European Union, Israel, Mexico, New Zealand, Russia, and the United States.

According to a joint statement, the two companies remain confident that they can receive the required clearances to allow the deal to proceed by the end of the year.

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