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  Gemalto rejects Takeover bid by Atos | Bit Updates
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Gemalto rejects Takeover bid by Atos

Thursday, December 14th, 2017 | bitcoin updates

          
    
    
    (Picture: dpa, Bernd Thissen / Symbol picture)
                
            
             A takeover by the French group is not in the interest of the company and its investors, said the Dutch chip card manufacturer. The Supervisory Board unanimously rejected.
            

        

        Chip card manufacturer Gemalto has rejected the takeover bid by the French Atos group. As the world leader in digital security applications, Gemalto is well positioned to grow independently and for the long term, the company said Wednesday in Amsterdam. Gemalto will now present its shareholders with a development plan for the near future, said CEO Philippe Vallée.
4.3 billion eurosThe French IT service provider Atos had published on Monday its takeover bid for Gemalto and wants to put a total of about 4.3 billion euros on the table. The merger should create a leader in cyber security and digital services. The French had already taken over the IT subsidiary SIS from Siemens years ago.
Supervisory Board: "Non, merci" The Supervisory Board has examined the offer in detail together with financial advisors, Gemalto says. The panel was unanimous in concluding that an acquisition would not be the best solution for the company and its shareholders. Atos had emphasized that the offer was friendly. After the rejection by Gemalto now remains to be seen whether the French try a hostile takeover.

(Vbr)

      

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