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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.

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