antitrust

Thales-Gemalto Merger to Move Forward With or Without Russian Approval

Thales-Gemalto Merger to Move Forward With or Without Russian Approval

Thales is now ready to move ahead with its acquisition of Gemalto, even if the merger has not obtained all of the global regulatory clearances yet. The companies have announced that Thales is waiving the Offer Condition pertaining to antitrust and foreign investment regulations in Russia, the last remaining country in which the merger has…

Court OKs DoJ’s Merger Clearance for Thales and Gemalto

Court OKs DoJ’s Merger Clearance for Thales and Gemalto

“The companies say that together with the antitrust and foreign investment clearances they have received from authorities in Australia, Canada, China, the European Union, Israel, Mexico, New Zealand, South Africa, and Turkey, as well as the CFIUS, they now have 12 of the 14 regulatory approvals needed for their merger.” Only two more regulatory clearances…

Thales, Gemalto Obtain DoJ Clearance for Merger

Thales, Gemalto Obtain DoJ Clearance for Merger

“The approval is dependent on Thales’ agreement to sell off its Hardware Security Modules business, a condition that was also set by other regulatory authorities, perhaps most notably the European Commission.” Thales and Gemalto are now on the cusp of sealing the deal for their proposed merger: The companies have announced that Thales’ offer to…

Thales, Gemalto Now Have 11 of 14 Clearances for Merger

Thales, Gemalto Now Have 11 of 14 Clearances for Merger

Thales and Gemalto have cleared another two hurdles in their race to get approval for their proposed merger: The companies have announced that they have received clearances from the Australian Competition and Consumer Commission and Mexico’s Comisión Federal de Competencia Económica. The news comes only a week after the companies’ announcement that they had attained clearance from…

Thales-Gemalto Merger Gets NZ Approval

Thales-Gemalto Merger Gets NZ Approval

Thales and Gemalto have attained another clearance for their proposed merger, this time from the New Zealand Commerce Commission. The approval comes hot on the heels of one from the European Commission announced earlier this week. As in that case, Thales and Gemalto noted in a statement that the clearance has arrived “following Thales’s commitment to…

Gemalto Merger Gets OK from EU After Thales Agrees to Divest HSM Business

Gemalto Merger Gets OK from EU After Thales Agrees to Divest HSM Business

Gemalto and Thales have cleared what was perhaps the highest hurdle in their pursuit of a merger, announcing in a new statement that the European Commission has granted them “merger control Regulatory Clearance”. Thales had first made its all-cash offer to acquire Gemalto in the spring of this year, but was compelled to push back…

Thales, Gemalto Get South African Approval for Merger

Thales, Gemalto Get South African Approval for Merger

Just a week after pushing back the anticipated close of their merger deal, Thales and Gemalto have announced that they’ve obtained another regulatory clearance needed for the project. The latest is from South Africa’s Competition Commission, the seventh of 15 approvals needed from regulatory authorities around the world in order for Thales to proceed with…

Thales, Gemalto Clear Another Hurdle in Merger Bid

Thales, Gemalto Clear Another Hurdle in Merger Bid

Thales and Gemalto have cleared another major hurdle as they race toward their desired merger: Thales’ acquisition of Gemalto has now been cleared by the Committee on Foreign Investment in the United States. The news comes soon after Thales’ and Gemalto’s announcement that they had received approval for the merger from investment regulators in Canada.…

Thales, Gemalto Make Progress On Regulatory Front Ahead of Merger

Thales, Gemalto Make Progress On Regulatory Front Ahead of Merger

Thales and Gemalto are reporting progress in their efforts to secure regulatory approval for their proposed merger. The companies have announced that they have attained investment regulatory approval in Canada. The news comes about a week after Thales’ announcement that it had extended the deadline for its acquisition offer of Gemalto. While the offer had…

Thales Extends Gemalto Acquisition Deadline Amid Antitrust Investigation

Thales Extends Gemalto Acquisition Deadline Amid Antitrust Investigation

“Essentially, according to the new arrangement, the acceptance period will close two weeks after the deal attains all necessary regulatory approvals, and no later than March 31st, 2019.” Thales has dramatically extended the deadline for its acquisition offer for Gemalto. The move comes soon after the European Commission’s announcement last month that it would open…