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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Nasdaq Inc | NASDAQ:NDAQ | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.4499 | -0.75% | 59.6201 | 59.62 | 61.20 | 61.16 | 59.70 | 60.54 | 2,889,286 | 01:00:00 |
From May 2019 to May 2024
Shanda Games Ltd. said Wednesday its shareholders approved the $1.9 billion merger agreement that will take the Chinese online game developer private.
The parties, parent Capitalhold Ltd. and wholly owned subsidiary Capitalcorp Ltd., expect to complete the merger in the month.
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$6.95 on Tuesday, up 22% this year.
About 84.5% of the company's total outstanding ordinary shares, representing 94.1% voting rights voted in person or by proxy at Wednesday's meeting. About 99.3% voted in favor of the proposal to authorize and approve the merger.
When the merger is completed, the company will become privately held and its American depositary shares will no longer be listed on Nasdaq.
Write to Anne Steele at Anne.Steele@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
November 18, 2015 07:15 ET (12:15 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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