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Thales outbids Atos to acquire Gemalto
2017-12-18 08:50:00| Telecompaper Headlines
(Telecompaper) The offer price represents a premium of 57 percent over the closing price of Gemalto stock on 8 December, before Atos made its bid. Thales said it will combine its digital assets with Gemalto within a new Global Business Unit, to be led by Gemalto CEO Philipps Vallee. Gemalto will continue under its own brand as one of the seven Thales global business units. Altogether, the new business unit will represent about 20 percent of pro forma group revenues and rank among the top three players worldwide, with EUR 3.5 billion revenues in the fast growing digital security market.
Tags: acquire
atos
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Category:Telecommunications