Brief: Sega Announces Recommended Cash Offer For Rovio With Total Value Of EUR 706 Mln

Rovio Entertainment Oyj

17/04/2023 07:08

April 17 (Reuters) - Rovio Entertainment Oyj  ROVIO.HE :
    * ROVIO ENTERTAINMENT CORP.: INSIDE INFORMATION: SEGA
ANNOUNCES A
RECOMMENDED CASH OFFER OF EUR 9.25 PER SHARE TO THE SHAREHOLDERS
AND EUR 1.48 PER OPTION TO THE OPTION HOLDERS OF ROVIO
    * SSHD AND ROVIO ENTERED INTO A COMBINATION AGREEMENT
    * SHAREHOLDERS OF ROVIO ARE OFFERED EUR 9.25 IN CASH FOR
EACH
VALIDLY TENDERED SHARE
    * OPTION HOLDERS OF ROVIO ARE OFFERED EUR 1.48 IN CASH FOR
EACH
VALIDLY TENDERED OPTION
    * SHARE OFFER PRICE REPRESENTS PREMIUM OF ABOUT 63.1%
COMPARED TO
CLOSING PRICE OF EUR 5.67 FOR ROVIO'S SHARE ON NASDAQ HELSINKI
ON JANUARY 19, 2023
    * TOTAL VALUE OF OFFER  AMOUNTS IN AGGREGATE TO
APPROXIMATELY EUR
706 MILLION
    * OFFER PERIOD UNDER OFFER IS EXPECTED TO COMMENCE ON OR
ABOUT MAY
8, 2023, AND TO EXPIRE ON OR ABOUT JULY 3, 2023

Source text for Eikon:  ID:nGNE2dwqt1 
Further company coverage:  ROVIO.HE 

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