Trending: Airbus, Atos in Cybersecurity Deal Talks
04 January 2024 - 2:29AM
Dow Jones News
1500 GMT - Airbus and Atos were among the most mentioned
companies across news items over the past eight hours, according to
Factiva data. The companies said Wednesday that they are in talks
for a potential deal that would see Airbus acquire Atos's big-data
and security business. French IT group Atos said it will open a due
diligence phase with Airbus after it received an indicative offer
from the European aerospace group that values the business at
between 1.5 billion and 1.8 billion euros ($1.64 billion-$1.97
billion), including debt. European defense contractors have shown
appetite for acquisitions in recent months. Thales last month
closed its purchase of U.S. cybersecurity company Imperva from
private-equity firm Thoma Bravo, while Britain's BAE Systems agreed
to buy Ball Corp.'s aerospace business in August, the same month in
which Germany's Rheinmetall completed its takeover of Spanish
ammunition maker Expal Systems. Dow Jones & Co. owns Factiva.
(nina.kienle@wsj.com)
(END) Dow Jones Newswires
January 03, 2024 10:14 ET (15:14 GMT)
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