Brief: Digital Bros Board Approves Acquisition Of All Starbreeze Assets Held By Smilegate

Digital Bros SpA

22/01/2020 07:07

Jan 22 (Reuters) - Digital Bros SpA  DIB.MI :
    * SAID ON TUESDAY BOARD AUTHORIZES CHAIRMAN, ABRAMO GALANTE,
TO
BUY ALL STARBREEZE ASSETS HELD BY SMILEGATE HOLDINGS FOR EURO
19.2 MLN
    * TRANSACTION IS ALTERNATIVE TO OPTION SCHEME TO BUY ASSETS
SEPARATELY FOR ABOUT EURO 21.8 MLN
    * TO OWN 30.18% OF STARBREEZE’S CAPITAL IN CASE TRANSACTION
AND
CONVERSION OF CONVERTIBLE BOND WILL OCCUR
    * AS A RESULT, COMPANY WILL HAVE OBLIGATION TO LAUNCH PUBLIC
TENDER OFFER FOR RESIDUAL STARBREEZE SHARES

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA1v67pl
    
 Further company coverage:  DIB.MI  
   


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