Tesserent shares climb 145pc on takeover bid from France’s Thales
Tess BennettTechnology reporter
Shares in Tesserent rose 145 per cent on Tuesday after France’s Thales offered to buy the ASX-listed cybersecurity group in a deal that valued the business at $176 million.
Following six months of discussions with Tesserent directors, the local arm of Thales offered to acquire the company for 13¢ a share, a 165 per cent premium on its last closing price of 4.6¢.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Technology
Fetching latest articles