Gemalto says board has until Friday to review unsolicited Atos bid
PARIS (Reuters) - French security software maker Gemalto (GTO.AS) has until Friday to review the unsolicited all-cash bid made by consulting firm Atos (ATOS.PA), Gemalto’s board said on Tuesday.
The shadow of an attendee is cast below a logo of Franco-Dutch technology firm Gemalto during a news conference in Paris February 25, 2015. REUTERS/Gonzalo Fuentes
“The company subsequently informed Atos that it would carefully review the proposal and respond to it before such date,” it said in a statement.
Atos offered 4.3 billion euros ($5.06 billion), or 46 euros a share, dividend included, to buy all of Gemalto to boost its cyber security services as states and big corporations seek to cope with a growing number of attacks on the Internet worldwide.
Gemalto has taken Deutsche Bank (DBKGn.DE) and JPMorgan (JPM.N) as financial advisor. Law firm Allen & Overy acts as its legal advisor.