Infogrames offers to buy Atari Inc.

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Atari Inc. has announced that it received a letter from Infogrames Entertainment S.A., the company's majority shareholder, expressing its intent to acquire the remaining outstanding stock of the company.

 

Infogrames' offer, which is non-binding, amounts to USD 1.68 per share for the Atari Inc. stock it does not own.

 

Atari Inc. said that a special committee of the company's board of directors intends to undertake, together with its advisors, a thorough evaluation of the proposal.

 

There is no assurance that any transaction will occur or to the terms of any transaction.

Link: http://www.gamesindustry.biz/content_page.php?aid=33881