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Thales outflanks Atos with 4.76b euro bid for Gemalto

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Gemalto CEO Philippe Vallee (left) and Patrice Caine, chairman and CEO of Thales, in Paris on Monday.

Paris

FRENCH aerospace specialist Thales SA knocked out Atos SE's unsolicited attempt to buy Dutch cybersecurity provider Gemalto SA, outbidding the rival with a cash offer valued at 4.76 billion euros (S$7.57 billion) that won backing from the target company.

The offer for 51...

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