Atos eyes leadership position in cyber security by acquiring Gemalto

Atos has made a formal proposal to acquire Gemalto by way of a public offer for all of Gemalto issued and outstanding shares. Atos invited Gemalto’s Board of Directors to engage discussions and review collaboratively this potential transaction. On November 28, 2017, Atos has delivered an offer to the Board of Directors of Gemalto which is friendly, compelling, and which addresses the interests of all stakeholders. Since then, Atos has reiterated its friendly intentions. Considering increased risk that could impact Gemalto’s shares, and for the purposes of market information, the Atos’ Board of Directors has decided to make its proposal public while affirming its willingness to engage into discussions with the objective to come to a transaction recommended by the Gemalto’s Board of Directors.



Key terms of the Atos proposal –



* Intended all-cash offer of €46.0 per Gemalto share (cum dividend), representing a total consideration of approximately €4.3 billion.



* A premium of c. 42% to Gemalto’s last unaffected closing price as of December 8, 2017, and c. 42% and c. 34% premium to Gemalto’s 1-month and 3-month volume weighted average trading prices, respectively.



* The proposed transaction will strengthen Gemalto’s businesses and will create a leading Group in cybersecurity technologies and digital services to the benefit of all stakeholders going forward.



* The acquisition of Gemalto shares will be entirely financed with Atos’ existing cash resources and fully committed external debt.....Read More

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