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Koei to take over Tecmo in US$207 million merger

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Post subject: Koei to take over Tecmo in US$207 million merger

Posted: 19 Nov 08, 12:21 pm

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Japanese video game publisher and developer Koei is set to merge with Tecmo, in a deal which is said to be worth 20 billion yen, or US$207 million. The deal has been initiated by Koei, and is expected to be completed by the end of April 2009.

The merger will see Tecmo shares exchanged for 0.9 shares in the new Tecmo Koei Holdings, set to form in April next year. Meanwhile, Koei shares will be exchanged for one full share in the new company. This move will see Koei shareholders control seventy-five per cent of the new company.

Read full article by Steven Perdikis

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