Tecmo Rejects Bid, Has Other Plans

Lee, Michael
September 2008
Red Herring;9/4/2008, p8
Trade Publication
The article reports on the deadline given by Square Enix to Tecmo Games regarding its acquisition offer. Techmo was given time to decide whether it would accept its offer, a 30 percent premium over its share price. Tecmo said it was not interested though there is a high possibility of improvement to gain from a merger. Following the rejection, Tecmo announced that it is in negotiations to merge with Japanese video game developer Koei.


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