0
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.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Atos / Gemalto
Countries: World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Telefonica selects Gemalto to deliver prepaid ID verification

Published 27 Feb 2018 14:45 CET | Germany
Telefonica Deutschland has selected Gemalto to provide an identity verification platform to complement Telefonica's existing ...

Thales makes progress with Gemalto offer, expects deal to close in H2

Published 12 Jan 2018 09:38 CET | World
Thales said that it is making good progress on its all-cash offer for Gemalto, announced on 17 December 2017, and expects to ...

Thales outbids Atos to acquire Gemalto

Published 18 Dec 2017 08:50 CET | World
The offer price represents a premium of 57 percent over the closing price of Gemalto stock on 8 December, before Atos made its ...

Gemalto wijst bod van Atos resoluut van de hand

Published 14 Dec 2017 08:52 CET | World
Gemalto heeft het bod van Atos van 4,3 miljard euro ronduit afgewezen en zegt op eigen kracht het best gepositioneerd te zijn ...

Atos makes EUR 4.3 bln bid for Gemalto

Published 12 Dec 2017 08:30 CET | World
Gemalto said it has received an unsolicited takeover bid from Atos worth EUR 46 per share in cash, which it will carefully review ...





Calendar   /   Industry Events

11 May Small Cells World Summit
12 May Mediaset Q1 2021
12 May BT FY results
12 May Deutsche Telekom Q1 2021
12 May Bredband2 Q1 2021
12 May Telefonica Deutschland Q1 2021
12 May NEC FY results
12 May Syn Q1 results 2021
12 May OTE Q1 2021
12 May Lumentum fiscal Q3
12 May Airtel Africa Q1 2021
13 May Poly fiscal Q4
13 May Inwit Q1 2021
13 May Telefonica Q1 2021
13 May Alibaba Group Q1
13 May DZS investors day
14 May Japan Display FY results
14 May Digi Communications Q1 2021
14 May Sohu.com Q1 2021
14 May Sogou Q1 2021
14 May Telesat Q1
17 May Minim Q1 2021
17 May World Telecommunication and Information Society Day
18 May Iliad Q1 2021
18 May Vodacom FY results
18 May Vodafone FY results
18 May MTS Q1 2021
18 May iQiyi Q1
18 May Baidu Q1 2021
18 May Google I/O
::: More Calendar Items