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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| TakeTwo Interactive Software Inc | NASDAQ:TTWO | 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% | 143.07 | 138.60 | 147.83 | 7 | 09:00:37 |
From May 2019 to May 2024
By Ian Walker
Codemasters Group Holdings PLC said Monday that it has agreed to a 945 million-pound ($1.25 million) cash takeover from Electronic Arts Inc., and has therefore withdrawn its recommendation for the offer from Take-Two Interactive Software Inc.
Under the deal, accepting shareholders of the U.K. videogames developer and publisher will get 604 pence for each share held. The offer price is a 13% premium to Friday's closing price of 534 pence.
"The board of Codemasters firmly believes the company would benefit from EA's knowledge, resources and extensive global scale--both overall and specifically within the racing sector," Chairman Gerhard Florin said.
On Nov. 10, Codemasters agreed to a GBP759 million takeover offer from Take-Two. Under that deal, accepting shareholders were due to get 120 pence in cash and 0.2834 new Take-Two shares for each Codemasters share held.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
December 14, 2020 02:39 ET (07:39 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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