Codemasters Group Holdings PLC - Warwickshire-based video game developer - Shareholders approve takeover by Codex Games Ltd, a subsidiary of Electronic Arts Inc. The shareholder vote comes after directors approved the deal, who preferred 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. Next step is for the scheme to be approved in court, scheduled for February 16.
Current stock price: 602.00 pence
Year-to-date change: down 8.0%
By Paul McGowan; paulmcgowan@alliancenews.com
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