Infogrames offers to buy Atari [Mar 06, 2008, 9:58 pm ET] – 3 Comments
Infogrames
offers to buy Atari reports that Atari's majority shareholder has offered to
purchase the remainder of the troubled company:
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.
Atari Inc. said that a special committee of the company's board of directors intends to undertake, together with its advisors, a thorough evaluation of the proposal.
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