Post by Segaman on Aug 31, 2008 21:22:32 GMT -5
Square Enix has confirmed earlier reports that it has made a friendly takeover offer to acquire Tecmo, issued to the beleaguered publisher's board of directors, with a deadline of September 4.
Under the deal, Tecmo has been offered JPY 920 (USD 8.4) per share, a premium of 30 per cent on its stock price as of August 28. However, in expectation of a reply, Square Enix has said it will not purchase any outstanding shares unless it get's an acceptance to its offer.
www.gamesindustry.biz/articles/square-enix-confirms-tecmo-bid
Under the deal, Tecmo has been offered JPY 920 (USD 8.4) per share, a premium of 30 per cent on its stock price as of August 28. However, in expectation of a reply, Square Enix has said it will not purchase any outstanding shares unless it get's an acceptance to its offer.
www.gamesindustry.biz/articles/square-enix-confirms-tecmo-bid
