Rovio Entertainment Corporation confirms receipt of a non-binding indicative proposal from Playtika Holding Corp.
, 2023-01-20 01:00:00,
Stock Release Rovio Entertainment Corporation January 20, 2023, at 9:00 am EET
Rovio Entertainment Corporation confirms receipt of a non-binding indicative proposal for playtika holding corporation
The Board of Directors of Rovio Entertainment Corporation (“Rovio”) points to yesterday’s announcement from Playtika Holding Corp. (“playtika”) in connection with its indicative non-binding proposal to acquire all of the issued and outstanding shares of Rovio at a proposed price of EUR 9.05 per share (the “Indicative Proposal”), corresponding to a premium of approximately 60% over the closing price of the Rovio share on Nasdaq Helsinki on January 19, 2023.
The Indicative Proposal presented to the Rovio Board of Directors by Playtika at 6:31 p.m. coordinated with the Rovio Board in any way.
The Indicative Proposal contemplating the making of a public cash offering by Playtika is subject to a number of conditions precedent including, but not limited to, the satisfactory completion of due diligence, final approval by Playtika’s Board of Directors, a unanimous and unreserved recommendation of the Rovio Board of Directors, as well as the negotiation and execution of a combination agreement between Rovio and Playtika. Completion of any such cash…
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