Electronic Arts Inc. Recommended Cash Offer by Electronic Arts Inc.
ELECTRONIC ARTS INC. (to be implemented by way of a scheme of arrangement under Part 26 of the Companies Act 2006) Summary -- The boards of Electronic Arts Inc. ("EA") and Codemasters Group Holdings plc ("Codemasters") are pleased to announce that they have reached agreement on the terms of a recommended cash acquisition by Codex Games Limited ("Bidco"), an indirect subsidiary of EA, of the entire issued and to be issued share capital of Codemasters (the "Acquisition"). It is intended that the Acquisition be implemented by way of a Court-sanctioned scheme of arrangement und...