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IN BRIEF: Codemasters Directors Vote In Favour Of Codex Takeover

Wed, 20th Jan 2021 16:38

Codemasters Group Holdings PLC - Warwickshire-based video game developer - Directors vote in favour of takeover by Codex Games Ltd, a subsidiary of Electronic Arts Inc. They favour the bid after US video game publisher Take-Two Interactive Software Inc allowed its GBP726 million offer for Codemasters to lapse. In mid-December, Codemasters accepted the takeover bid from Take-Two's larger US rival EA for GBP945 million, or 604 pence per share in cash.

Codemasters current stock price: 602.00 pence

Year-to-date change: down 8.0%

EA current stock price: USD144.37

Year-to-date change: up 0.5%

Take-Two current stock price: USD204.24

Year-to-date change: down 1.7%

By Paul McGowan; paulmcgowan@alliancenews.com

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