Koei and Tecmo merger agreed for April, worth $207 million

By Patrick Garratt, Tuesday, 18 November 2008 20:47 GMT

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According to this Reuters report, Koei and Tecmo have agreed terms to merge and will combine under a holding company in April next year.

The deal is worth $207 million.

Each Tecmo share will be exchanged for 0.9 shares in the holding company, while one share in the holding firm, called Tecmo Koei Holdings, will be allotted to each Koei share, allowing Koei shareholders to take three quarters of the new corporation.

More through there.

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