Well it took a few weeks but this morning, following the
initial offer and not
one but
two updates, Electronic Arts has announced the completion of its offer to the shareholders of Digital Illusions CE AB (DICE). The offer, which was initially made on November 15th, 2004, and set to expire on January 20th, concluded with shareholders with a total of 3,235,053 shares in DICE, including Bonnier & Bonnier AB and DICE employees with significant shareholdings, having accepted Electronic Arts offer. Corresponding to 32.0% of outstanding capital and votes, in addition to a further acquisition of 898,264 shares and the 18.9% already held by the company, Electronic Arts now holds a total of 6,044,720 shares, a controlling interest representing 59.8% of the outstanding capital and votes in DICE.
On top of the acquisitions mentioned, EA now also holds warrants in DICE priced at SEK 47.23, warrants that would bring EA’s holdings in DICE to 67.3% should they be exercised. With the deal pretty much said and done, EA will be paying the offer price to shareholders that tendered their shares as a result of the deal, with the transactions slated to be completed around January 27th, 2005. The press release link above has a bit more on the acquisition for those
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