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.
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 - 1st June 2018
Thales extends the acceptance period of the offer for Gemalto – 10 August 2018
Regulatory clearance from the Minister of Innovation in Canada – 14 August 2018
Regulatory clearance from the Competition board in Turkey – 31 August 2018
CFIUS regulatory clearance – 5 September 2018
Update on the offer by Thales for Gemalto - 11 October 2018
Regulatory clearance in South Africa - 16 October 2018
Regulatory clearance from the European Commission - 11 December 2018
Regulatory clearance in New Zealand - 13 December 2018
Regulatory clearances in Australia and Mexico - 20 December 2018
Thales signs a definitive agreement to sell its GP HSM business to Entrust datacard - Press release - 22 February 2019
Regularoty clearance from Antitrust division of the US DoJ - 1 March 2019
Thales and Gemalto are granted antitrust clearance in the United States - 6 March 2019
Thales sets to 28 March 2019 the end date of the acceptance period of its offer for Gemalto - Press release - 14 March 2019
Success of Thales offer for Gemalto shares - Press release - 29 March 2019
97% of Gemalto shares have been tendered to the Thales offer - Press release - 16 April 2019
Gemalto shares will be delisted on 29 May 2019 - Press release - 23 April 2019
Thales updates its 2019 financial objectives following the integration of Gemalto - Press release - 13 June 2019