EA Re-rolls DICE Deal

EA Holding AB Changes Condition of Its Offer to the Shareholders of Digital Illusions (thanks Frans) has what seems to be a follow-up on reports that EA's bid to acquire Swedish developer Digital Illusions CE (DICE) would be rejected (story). The story reports the acceptance period for the original offer has expired without EA getting their targeted percentage of the outstanding DICE stock, resulting in a change to the offer:
As a result, the offer has not yet been accepted to such an extent that EA has become the owner of more than 90% of the total number of shares representing more than 90 percent of the votes in DICE, which was a condition for the implementation for the offer.

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.
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Re: Awful syntax
Dec 20, 2004, 15:37
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Re: Awful syntax Dec 20, 2004, 15:37
Dec 20, 2004, 15:37
 
No wonder the offer has not yet been accepted, it takes some time to understand this sort of texts.

Somewhere a bunch of lawyers are on their favorite lawyer website wondering how anything gets done in the games industry. "What the bloody hell is a GF6800GTOC, Walter?" "I dunno Jim. Let's go use our fabulous wealth to make a hooker do it with a horse." "Smashing good idea, Walter"

To each his own dialect. (Lawyer dialect, in my mind, being a rather evil derivative of London English)

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 LOL