Shares

Codemasters Take-Two offer proposal on the table

Codemasters has confirmed that it has received a proposal from Take-Two Interactive Software to buy the specialist racing videogamer maker.

Responding to media speculation, Codemasters confirmed that it has received a non-binding proposal from Take-Two to buy Codemasters at a price of 485p per share – consisting of 120p per share in cash and 365p per share payable in Take-Two shares.

Codemasters has confirmed that it would advise shareholders to accept the possible offer following due diligence by Take-Two although was quick to stress that no firm offer had been made at this stage.

Following the later afternoon announcement, shares in Codemasters jumped to 470p – marking an 8 percent gain for the day.

Codemasters is due to announce its interim results on 23 November which will cover the six months ending 30 September 2020.

It confirmed that a further update on the takeover will be made when appropriate to do so.

Let's Talk

Remote Monitored Systems shares - …Hahahaha. The RMS patrol are still out and about - just sell out o … Read More
What shares is everyone buying no …Cine I know it's a risky but its got a lot of volume. BP on t … Read More
The rise of the COVID stocks revi …Tough shout with SNG but it doesn't seem to have long to get … Read More
Massive ODX overreaction?Seems like someone has a big axe to grind with the UK RTC or the g … Read More
Buying into Amigo Shares nowNo room for sentiment in this game, sure you will make a profit bu … Read More
Hey, profit awaits! Free Sharebuyers Newsletter

Receive the hottest share tips and information you can profit from. Twitter: @ShareBuyers.