New York
- Struggling video game publisher Atari (NASD: ATAR) announced on Friday that it has
received an offer from France-based majority shareholder Infogrames, to acquire
Atari outright for $1.68 a share, representing a 1% premium over the company's closing
share price on Thursday.
Infogrames, which already owns about 52% of Atari, this
week appointed former Sony Computer Entertainment head of Worldwide Studios
Phil Harrison as its new president.
The company said that Harrison will be
responsible for overseeing the Atari brand in the U.S. and abroad.
Atari said a
special committee of its board of directors will undertake a "thorough
evaluation" of Infogrames' proposal.
Related Links:
http://snipurl.com/2189z
http://www.infogrames.com
http://www.atari.com
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