Rovio Entertainment Corporation announced that Sega’s offer to acquire Rovio for £625 million has been finalized. Rovio will become a member of the Sega family after shareholders tender 96.3% of all issued and outstanding Shares and votes in Rovio Entertainment Corporation.
The announcement states; In total, Rovio shareholders have tendered 73,397,174 shares, which amounts to 96.3% of all issued and outstanding Shares and votes in Rovio. With the 90% threshold having been met and having acquired the necessary regulatory approvals, this means that Rovio will become a member of the Sega Family upon completion of the offer, which is estimated to take place on August 17th. Sega Europe is commencing a “Subsequent Offer Period” to provide those shareholders of Rovio who have not yet accepted the offer with a further possibility to accept the offer. This will take place August 11-25.
In April, Sega announced a recommended cash offer of €9.25 per share to the shareholders and €1.48 per option to the option holders of Rovio.
The full release of the final results of the offer can be viewed on Rovio’s website.
