Thales Beats Safran To Exail With €3.9 Billion Bet On Underwater Drone Warfare
Thales agreed on Monday to buy the Gorgé family’s 35.51% stake in Exail Technologies for €134 per share ($153), the first step in a full takeover of the French maritime drone maker at an enterprise value of €3.9 billion ($4.45 billion). The agreement lands three days after rival Safran abandoned its own exclusive talks for…