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5 Companies That Had A Rough Week

For the week ending Dec. 15, CRN looks at IT companies that were unfortunate, unsuccessful or just didn't make good decisions.

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Atos Shot Down In $5-Billion Bid To Acquire Gemalto

It was a bold move: Paris-based solution provider Atos made a bid to acquire Amsterdam-based Gemalto for $5.05 billion in a combination that would have created a powerhouse in cybersecurity and digital services. The bid, actually made Nov. 28, was made public this week.

But on Wednesday Gemalto shot down the offer on no uncertain terms. Gemalto said Atos' offer "significantly undervalues" the company and "fails to provide a compelling strategy versus Gemalto's standalone prospects." Gemalto said the offer "fails to adequately address the interests" of Gemalto's various stakeholders and does not offer "sufficient deal certainty."

All this could just be the opening moves in a negotiation dance: A few hours after the rejection Atos said it intended to push ahead with its unsolicited offer, according to a Bloomberg story. But the hard rejection made for a tough week for Atos.

 
 
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