Thales did not offer any concessions to address overlapping concerns.

On Thursday, as per two sources familiar withe the matter at hand, antitrust regulators from the European Union are set to launch a full-scale investigation into French aerospace and defense group Thales’ $5.6 billion (4.8-billion-euro) bid for Gemalto, a Franco-Dutch chipmaker.

The move by regulators comes in the wake of Thales declining to offer concessions to address concerns about overlaps with Gemalto, said sources.

The deadline for the acceptance of the bid was July 16.

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