logo
Plus   Neg
Share
Email

Gemalto, Thales Expect Recommended All-cash Offer To Close In Q1 Of 2019

Digital security company Gemalto N.V. (GTOFF.PK), which is in deal to be bought by Thales (THLEF.PK), announced Thursday that the companies now expect to close the offer in the first quarter of 2019.

The contemplated combination is progressing satisfactorily, and has obtained 6 of the required 14 regulatory clearances. The steps to obtain the remaining eight are well advanced.

Thales and Gemalto are discussing with certain antitrust authorities on remedy proposals to address their concerns with respect to the General Purpose Hardware Security Modules or GP HSM market.

The companies continue to hold constructive discussions with the various regulatory authorities involved.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Shares of General Electric Co. are rising more than 10 percent on Thursday after the industrial conglomerate said it plans to establish a new, independent company focused on building a comprehensive Industrial Internet of Things or IIoT software portfolio. In addition, longtime bearish analyst Stephen Tusa of J.P. Morgan upgraded shares of GE to neutral. Apple Inc. said Thursday that it will invest $1 billion to build a new corporate campus in North Austin that will eventually create 15,000 jobs. Further, the tech giant announced plans to establish new offices and expand to over 1,000 employees each in three cities - Seattle, San Diego and Culver City, California. In January, Apple said it will create over 20,000 jobs over the next five years. German telecom giant Deutsche Telekom, Chinese conglomerate Alibaba's Alibaba Cloud, banking giant Citi and 13 other organizations have joined Hyperledger Blockchain project, an open source collaborative effort aimed to advance cross-industry blockchain technologies. Hyperledger, a project of The Linux Foundation that started less than three years ago, is a multi-project.
Follow RTT