This is laughable. For years the two companies were run by the same management and they successfully destroyed shareholder value at Atari. The $1.68 offer represents NO premium to the recent stock price.
This is a very illiquid stock. If Infogrames wanted to buy ATAR stock in the market, they would drive the price up substantially. They should be offering a substantial premium to the current market price for the liquidity of such a transaction.
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This is laughable. For years the two companies were run by the same management and they successfully destroyed shareholder value at Atari. The $1.68 offer represents NO premium to the recent stock price.
This is a very illiquid stock. If Infogrames wanted to buy ATAR stock in the market, they would drive the price up substantially. They should be offering a substantial premium to the current market price for the liquidity of such a transaction.