Infogrames offers to buy Atari
March 7, 2008 by Raj
Filed under Action, Adventure, Corporate, First Person Shooter, Miscellaneous
Atari Inc. has announced that it received a letter from Infogrames Entertainment S.A., the company’s majority shareholder, expressing its intent to acquire the remaining outstanding stock of the company. Infogrames’ offer, which is non-binding, amounts to USD 1.68 per share for the Atari Inc. stock it does not own.
Atari Inc. said that a special committee of the company’s board of directors intends to undertake, together with its advisors, a thorough evaluation of the proposal.
There is no assurance that any transaction will occur or to the terms of any transaction.
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