Thales and Gemalto create a world leader in digital security
On 17 December 2017, Thales and Gemalto jointly announced that they had reached an agreement on a recommended all-cash offer for all issued and outstanding ordinary shares of Gemalto, for a price of €51 per ordinary share cum dividend. Gemalto’s board of directors unanimously recommends and fully supports the offer.
Gemalto is consolidated as of 1 April 2019 in Thales’s financial statements.
Upon expiration of the Post-Acceptance Period on 15 April 2019, approximately 97.02% of the Gemalto shares have been tendered to the Offer.
Since Thales owns more than 95% of Gemalto shares, it has initiated statutory buy-out proceedings in order to obtain 100% of Gemalto shares.
Gemalto shares have been delisted from Euronext Amsterdam and Euronext Paris effective on 29 May 2019.
On 17 September 2019, the Enterprise Chamber of the Court of Appeal in Amsterdam rendered its judgment in the statutory buy-out proceedings initiated by Thales.
Between 20 September and 4 October 2019, Gemalto shareholders can instruct their bank, broker or other financial intermediary to voluntarily transfer to Thales their Shares.
Otherwise, automatic transfer and payment for the shares not voluntarily transferred will occur on or about 9 October 2019