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Atari, Inc (ATAR)
Infogrames offers to buy Atari Inc.
Infogrames offers to buy Atari Inc.
GamesIndustry - March 6, 2008
Submitted by sagexsdx (148) at 7:22PM PST on March 6, 2008
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.
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1Powertrade posted on Atari, Inc (ATAR) at 10:04AM PST on March 7, 2008. RE: Infogrames offers to buy Atari Inc.@sagexsdx,
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.[ Guru ] [ Level 21 ] [ Rank: 219 ]bids
27sagexsdx posted on Atari, Inc (ATAR) at 7:22PM PST on March 6, 2008. Article: Infogrames offers to buy Atari Inc.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.[ Oracle ] [ Level 21 ] [ Rank: 148 ]
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