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Codemasters To Recommend Electronic Arts Offer

Codemasters To Recommend Electronic Arts Offer
REDWOOD SHORES (dpa-AFX) - The board of directors of Codemasters confirmed that it has withdrawn its recommendation of the offer for Codemasters made by Take-Two Interactive Software, Inc. (TTWO). The decision follows the announcement of a recommended cash offer for Codemasters by Codex Games, an indirect subsidiary of Electronic Arts. Codemasters said it intends unanimously to recommend the Electronic Arts offer. The EA offer price of 604 pence per share in cash represents an aggregate value of 945 million pounds.
The Codemasters Board proposed to adjourn the Court Meeting and the Codemasters General Meeting to be held on 21 December 2020. ....

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Electronic Arts Shunts Take-Two Aside With $1.2 Billion Bid for Codemasters

By
Rupert Steiner
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Game enthusiasts pose for photographs during the EA Play 2019 event on Jun. 8, 2019, in Los Angeles, California.
Getty Images
Computer games giant Electronics Arts has gate-crashed a $1 billion bid by “Grand Theft Auto” publisher
Take-Two Interactive
for U.K.-listed Codemasters with a $1.2 billion rival offer.
European computer games maker
Codemasters Group,
which specializes in car racing games, has backed Electronics Arts and slammed the brakes on its recommendation for the previous Take-Two offer.
The bid battle comes four months after Codemasters was tipped in
Barron’s as undervalued at 341 pence (455 cents). The shares closed at 642 pence on Monday and if readers had invested they would have seen a 88% increase on their holding. ....

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Investegate |Takeover Panel Announcements | Takeover Panel: Disclosure Table (POTAM only)

Investegate |Takeover Panel Announcements | Takeover Panel: Disclosure Table (POTAM only)
investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.

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EA Has Swooped In To Steal Codemasters From Under The Nose Of Take-Two

EA Has Swooped In To Steal Codemasters From Under The Nose Of Take-Two
nintendolife.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nintendolife.com Daily Mail and Mail on Sunday newspapers.

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