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¢.
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Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com
