Angry Birds get 'good home at good price': Inderes sees no counter bids for Rovio
18/04/2023 10:01
** Inderes cuts Finnish game maker Rovio ROVIO.HE to
"reduce" from "accumulate" and raises TP to reflect Sega's bid
as the broker doesn't expect competing bids to emerge
** Japanese gaming company Sega Sammy Holding 6460.T on
Monday said it will offer EUR 9.25 per share and EUR 1.48 per
option for all Rovio shares and warrants
** Angry Birds found "a good new home at a good price",
Finland-based Inderes says, adding the offer looks good for
shareholders and is likely to go through
** It sees Rovio as a very good strategic fit with Sega's
portfolio and says it believes the arrangement offers synergies
for both parties
** Inderes says a competing bid is "very unlikely" at this
stage, as Rovio has been surrounded by takeover talks for a long
while now
** Israeli mobile gaming company Playtika's 8II.F takeover
offer for Rovio fell through in March
(Reporting by Elviira Luoma)
((Elviira.luoma@thomsonreuters.com))