News

EA changes DICE offer

Posted on Tuesday, 21 December 2004 by Speed, source: Fragland
Last week we reported that EA had put up an offer to buy Digital Illusions but the deal didn't go through as 90% of the stock holders of DICE had to agree (which they didn't). Now, EA apparantly has changed the offer to still try and get DICE.
EA today changes the condition above and conditions the offer upon an acceptance level through which EA would become the owner of more than 50% of the total number of shares representing more than 50% of the capital and votes in DICE after dilution upon exercise of employee warrants outstanding under the option program launched in 2002. As a consequence of this, the acceptance period is extended to January 20, 2005.

The offer of SEK 61 in cash per share remains. The other terms and conditions of the offer remain in effect during the extension period. Assuming that EA completes the offer on January 26, 2005, payment is expected to be distributed beginning on or about January 27, 2005.
Let's see what the shareholders say now... More news as it comes in
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