Contactless Smart Cards, RFID, Payment, Transit and Security

Bid aims to take Oberthur Technologies private

Wednesday, September 24, 2008

François-Charles Oberthur Fiduciaire (FCOF) is attempting to buy out its minority shareholders and take subsidiary Oberthur Technologies private, according to a company spokesperson. FCOF already owns 70% of Oberthur Technologies shares.

FCOF is offering $9.81 per share, which would end up costing the company more than $294 million to take the smart card and security company private. A board meeting is scheduled for Sept. 26 to take a final position on the offer, according to documents released by the Oberthur Technologies. [end] 

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