darthdevidem01 on 26 January 2009
Shareholders approve Koei merger with Tecmo
Shareholders have approved the merger between Japanese companies Tecmo and Koei, set to take place on April 1st. The companies made the announcement in statements to the Tokyo Stock Exchange today, according to Reuters.
Under the $207 million deal, announced last November, Tecmo investors will receive 0.9 shares in the merged company for every Tecmo share they hold, while Koei stockholders will receive a one-for-one exchange.
Tecmo attracted the attention of potential buyers, including Square Enix, after the company’s president stepped down, following a public spat with the former Team Ninja lead Tomonobu Itagaki.
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woah.....two japanese gaming titans join finally
