Buyout – Square Enix offers 30% premium on Tecmo stock

Friday, 29th August 2008 08:38 GMT By Patrick Garratt


Following news this morning that Square Enix is making a serious move to buy Tecmo, the company has released a statement saying it’s offering a 30 percent premium on the target’s stock. From Kotaku:

Square Enix has released a statement explaining his Tecmo takeover plan. It includes offering to purchase a controlling interest in Tecmo by purchasing shares in that company at 30 percent premium (¥960 a share compared to yesterday’s close price of ¥706 a share). The Tecmo Board of Directors has until September 4 to approve or reject this offer. If rejected, Square states, “We will withdraw our offer.”

More through the link.



  1. monkeyman

    Well they gotta spend all that money microsoft have given em for FFXIII somwhere dont they!

    #1 6 years ago

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