Gemalto: formal offer of redemption by Atos

© Reuters. Gemalto: formal offer of redemption by Atos

Atos (PA:ATOS) today announced that it has delivered to Gemalto (AS:GTO) a formal offer of acquisition to all outstanding securities or to issue, at a price of 46 euros per share (dividend attached), representing a total value of the funds ‘ equity of approximately $ 4.3 billion.

The acquisition would be made in full in cash, based on the existing cash of Atos and on a loan that has been the subject of firm commitments. The proposed price represents a premium of approximately 42% over the last unallocated Gemalto 8 December.

Gemalto was informed by Atos that it was studying its offer with attention and would send a response before the 15th of December. Its board of directors continues to review the offer with its legal and financial advice in accordance with its legal obligations.

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