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.
The offer document, which sets forth the terms, conditions and consequences of the offer, has been approved by the Dutch Authority for Financial Markets ("AFM") and was published on 27 March 2018. It can be downloaded below.
The acceptance period runs from 9:00 hours CET on 28 March to 17:40 hours CET on 6 June 2018, unless extended. Subject to having obtained dispensation from the AFM, Thales plans to further extend this period until customary conditions for a transaction of this kind are met, in particular obtaining the required regulatory clearances. The completion of the offer and payment of the offer price to shareholders who tendered their shares into the offer is expected in the course of the second half of 2018, provided that all offer conditions are satisfied or waived. The offer document contains important information that should be carefully read before a decision is made to tender shares into the offer.
To learn more about this announcement:
Press release announcing the project – 17 December 2017
Support presentation for the conference call – 18 December 2017
Replay of the 18 December conference call
Other documents related to this operation:
Update on the intended offer by Thales for Gemalto – 12 January 2018
Press release announcing opening of offer – 27 March 2018
Offer document – 27 March 2018
Thales extends the acceptance period of the offer for Gemalto - Press release - 1st June 2018