(CercleFinance.com) – Wade Rosen, CEO of Atari, announced on Monday the launch of a takeover bid targeting the shares of the company with the aim of supporting its development.
This offer, denominated at a price of 0.19 euro per share representing a premium of 45.6% on the closing price on Friday, was unanimously welcomed by the board of directors of the company, est- he clarified in a press release.
At the end of the offer, Irata – Wade Rosen’s personal holding company – does not intend to request the implementation of a squeeze-out targeting the Atari shares or to request their delisting.
The idea, according to Rosen, is to support the company’s strategy to expand its ecosystem across its four businesses, namely video games, hardware, licensing and blockchain.
According to the businessman, it is a question of continuing the strategic transformation efforts undertaken since he took office in 2020.
With Irata directly and indirectly holding 21.4% of the capital and 21.2% of the voting rights of Atari, the offer will relate to around 78.6% of the capital and 78.8% of the voting rights.
It is expected to be filed ‘in the next few days’.