Brief: Atari, Wade Rosen, Irata Reach Agreement On Irata's Tender Offer On Atari's Shares

Atari SA

26/09/2022 06:20

Sept 26 (Reuters) - Atari SA  ALATA.PA :
    * ATARI, WADE ROSEN AND IRATA LLC HAVE REACHED AN AGREEMENT
IN
VIEW OF THE FILING BY IRATA LLC OF A TENDER OFFER ON ATARI’S
SHARES FOR EUR 0.19 PER SHARE
    * OFFER WOULD PROVIDE FOR THOSE ATARI SHAREHOLDERS WHO WOULD
TENDER THEIR SHARES, IMMEDIATE LIQUIDITY AT A PREMIUM OVER
PREVAILING SHARE PRICE
    * IRATA DOES NOT INTEND TO IMPLEMENT A MANDATORY SQUEEZE-OUT
ON
ATARI'S SHARES FOLLOWING CLOSING OF OFFER, NOR TO REQUEST THEIR
DELISTING
    * OFFER WOULD PROVIDE FOR THOSE ATARI SHAREHOLDERS WHO WOULD
TENDER THEIR SHARES, IMMEDIATE LIQUIDITY AT A PREMIUM OVER
PREVAILING SHARE PRICE
    * PRICE OF OFFER VALUES 100% OF SECURITIES OF COMPANY AT
72.7 MEUR
AND WILL REPRESENT A PREMIUM OF 45.6% OVER CLOSING SHARE PRICE
ON 22 SEPTEMBER 2022
    * PRICE OF OFFER WILL REPRESENT A PREMIUM OF RESPECTIVELY,
39.9%,
39.2% AND 30.0% ON VOLUME-WEIGHTED AVERAGE SHARE PRICE OVER LAST
30, 60 AND 90 TRADING DAYS PRECEDING SUCH DATE

Source text for Eikon:  ID:nGNE2JpQqz 
Further company coverage:  ALATA.PA 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))