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.
Pursuant to an exemption granted by the Dutch financial markets authority (AFM) on 9 August 2018, the Gemalto share acceptance period is further extended and will end two weeks after the fulfilment of the offer condition with respect to regulatory clearances or the waiver thereof (but no later than the 31 March 2019 long stop date).
As of 10 August 2018, Thales and Gemalto have obtained 3 of the 14 required regulatory authorisations. Thales and Gemalto will inform the market each time one of the remaining regulatory clearance has been obtained.
The completion of the offer and payment of the offer price to shareholders who tendered their shares into the offer should occur before the end 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
Thales extends the acceptance period of the offer for Gemalto - Press release – 10 August 2018