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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| GameSquare Holdings Inc | NASDAQ:GAME | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.39 | 1.38 | 1.50 | 0 | 10:37:29 |
From May 2019 to May 2024
Chinese online-game company Shanda Games Ltd. said Friday that it has agreed to be taken private in a $1.9 billion deal after a yearlong effort.
A consortium of buyers will pay US$3.55 an ordinary share and US$7.10 per American depositary share, representing a 46.5% premium over Shanda Games's 30-day average before its January announcement that it had received a going-private offer.
Shanda Games' American depositary shares closed at US$6.49 on Thursday, up 14.3% this year.
The consortium of buyers already owns about 76% of the company and controls 91% of its voting power. The deal is expected to close in the second half of the year.
In January 2014, a group which included then-controlling shareholder Shanda Interactive Entertainment Ltd. offered to buy the company, valuing it at just under $2 billion.
In September, a group of private-equity firms, including Carlyle Group LP, withdrew from the consortium, which was backing the controlling shareholders' efforts to buy out the company.
Write to Chelsey Dulaney at chelsey.dulaney@wsj.com
Access Investor Kit for Shanda Games Ltd.
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US81941U1051
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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