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Article: Electronic Arts Announces Plans to Complete Acquisition of Digital Illusions.
- Article from:
- Business Wire
- Article date:
- March 17, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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REDWOOD CITY, Calif. -- Electronic Arts Inc. and Digital Illusions today announced plans for EA to complete its acquisition of Digital Illusions CE (DICE). The companies have unanimously agreed to a merger proposal through which EA will acquire the remaining outstanding shares of DICE, effectively making DICE a fully integrated studio within EA.
In connection with the merger, DICE shareholders will receive SEK 67.50 per share in cash, representing a premium of 30% to DICE's closing price on March 16, 2006. EA currently owns approximately 68 percent of the shares of DICE. EA also holds warrants, which entitle EA to purchase an additional 2.3 million shares. On a ...
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