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French aerospace and defense group Thales has reached an agreement to buy Dutch digital security company Gemalto in a deal worth €4.8 billion ($5.6 billion). The offer is €51 per share.
Thales and Gemalto reached an agreement for Thales to acquire all outstanding shares of Gemalto for €51 per share in cash, representing a 57% premium. The deal creates a global leader in digital security.