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Sega Sammy Holdings Inc ADR Rep Com Sega Sammy Holdings Inc
2023-04-17 05:56:58 ET
SEGA, a subsidiary of Sega Sammy ( OTCPK:SGAMY ) to acquire Rovio Entertainment Oyj, a mobile game company headquartered in Finland, through SEGA’s wholly-owned UK subsidiary SEGA Europe.
Through the tender offer, SEGA aims to acquire the entirety of Rovio’s outstanding shares and options at ?9.25 per share and ?1.48 per option, or ?706M.
Shareholders in Rovio who in aggregate hold shares corresponding to ~ 49.1% shares and votes in Rovio.
The acquisition is expected to close in Q2 FY2024/3.