Square Enix – Tecmo takeover: Square Enix willing to pay a premium for Tecmo shares
More incoming on the Square Enix – Tecmo talks. Square Enix recently sent out a statement explaining what they’re willing to give for Tecmo. According to their recent statement, Square Enix is willing to pay a premium for controlling interest in Tecmo. Find out more after the jump!
More incoming on the Square Enix – Tecmo talks. Square Enix recently sent out a statement explaining what they’re willing to give for Tecmo. Apparently, Square Enix is willing to pay a premium for controlling interest in Tecmo.
According to the arrangement being offered by Square Enix, the company is willing to pay a 30% premium on the shares they’d like to buy from Tecmo.
The actual yen value fluctuates, but essentially, instead of paying approximately 710 yen (US$ 6.50) per share, Square Enix is willing to pay approximately 923 yen (US$ 8.50) per share to acquire a controlling interest in Tecmo.
Tecmo’s board of directors have until September 4 to respond to Square Enix’s offer. If the offer is rejected, Square Enix has stated that it will withdraw its offer.
Those of you who have an understanding of Japanese can check out the actual statement offered by Square Enix via the source link below. In the meantime, feel free to voice your opinions on the deal in the comments below.
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