De La Rue, the company that makes British passports, said it would not appeal against a decision to award the next contract to a foreign firm.
Thales is riding to the rescue of French jobs at Gemalto. The defence firm has trumped Atos’ tilt at the world’s biggest maker of chips for mobile phone SIM cards.
European shares rose, buoyed by a flurry of year-end M&A and expectations that a U.S. bill lowering corporate taxes could soon pass.
Weakness in bank stocks dragged European shares to a downbeat open as financial sectors caught cold from US and Asian trading, suffered from a less hawkish than expected.
Shares in Atos fell as much as 2.8 percent early after Franco-Dutch chip maker Gemalto rejected its 4.3 bn euro ($5 bn) takeover bid.
Investors gave an early thumbs up to a 4.3 bn euro bid by French tech company Atos for smaller rival Gemalto, betting the tie-up will yield benefits and boost revenues.