03:28 AM EDT, 07/31/2026 (MT Newswires) -- Thales (HO.PA) and Exail Technologies (EXA.PA) signed a tender offer agreement for the defense technology group's planned mandatory tender offer for Exail shares and ODIRNANE bonds not held by the Gorgé family. The offer will be filed after Thales completes its acquisition of the Gorgé family's 35.51% stake in Exail. The previously announced offer price of 134 euros per share remains unchanged, according to a Friday release. The stake acquisition is expected to close by the third quarter of 2027, subject to customary regulatory approvals, including antitrust clearance. The mandatory tender offer is expected to close by early 2028 at the latest.

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