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General

Gemalto soundly rejects Atos bid

Wednesday 13 December 2017 | 23:05 CET | News
Gemalto has soundly rejected the EUR 4.3 billion takeover bid from Atos, saying it is best positioned to grow successfully and create long term value on a standalone basis. Gemalto said the bid undervalues the company's past share price averages and its future potential as it successfully transitions from traditional banking and telecom smartcard markets to fast-growing government, enterprise & cybersecurity and machine-to-machine markets. The bid price also doesn't reflect the potential synergies that would come from a combination with Atos, which Atos itself believes to be substantial.

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Categories: General
Companies: Atos / Gemalto
Countries: World
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