Shareholders approve Koei merger with Tecmo
gamesindustry - January 26, 2009
Submitted by BrotherE (801) at 10:02AM PST on January 26, 2009
Shareholders have approved the merger between Japanese companies Tecmo and Koei, set to take place on April 1. The companies made the announcement in statements to the Tokyo Stock Exchange today, according to Reuters. Under the USD 207 million deal, announced last November, Tecmo investors will receive 0.9 shares in the merged company for every Tecmo share they hold, while Koei stockholders will receive a one-for-one exchange.