Fri, Aug 29, 2008 | 08:38 BST
Buyout – Square Enix offers 30% premium on Tecmo stock
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 comment
#1
monkeyman
29/08/08, 9:17 am
Well they gotta spend all that money microsoft have given em for FFXIII somwhere dont they!