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IN BRIEF: Codemasters Takeover By EA Sanctioned By Court

Tue, 16th Feb 2021 21:29

Codemasters Group Holdings PLC - Warwickshire-based video game developer - Says takeover by Electronic Arts Inc sanctioned by the High Court of Justice of England and Wales earlier on Tuesday. Codemasters shares to be suspended from trading on AIM on Thursday, and then expected to be cancelled on Friday.

In mid-December, Codemasters accepted takeover bid from EA for GBP945 million, or 604 pence per share in cash.

Current stock price: 602.00 pence

Year-to-date change: down 8.0%

By Lucy Heming;Â lucyheming@alliancenews.com

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14 Dec 2020 08:09

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LONDON BRIEFING: Pound Jumps As UK And EU Agree To Continue To Talk

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LONDON MARKET PRE-OPEN: EA Outbids Take-Two For Codemasters Takeover

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Wednesday broker round-up

(Sharecast News) - Codemasters Group: Berenberg downgrades to hold with a target price of 485p.

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Berenberg lowers Codemasters to 'hold'

(Sharecast News) - Analysts at Berenberg lowered their rating on video games developer Codemasters from 'buy' to 'hold' on Wednesday as a result of Take-Two Interactive's impending takeover.

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Codemasters H1 revenues more than double on game releases

(Sharecast News) - Video game developer Codemasters said on Monday that first-half revenues more than doubled and operating profit rose as it released three new games.

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