Stock volatility hampers M&As
Thursday 27 November 2008 at 10:45
Gemalto acquisition of Wavecom is more controversial than anticipated. Wavecom and Gemalto held negotiations earlier this year for a potential acquisition, and concluded they could not reach an agreement on conditions. Then, on October 6, Gemalto launched its hostile takeover bid on Wavecom (cf. Smart Insights #08-41), to the surprise of Wavecom management.
