Investor Presentaiton
Overview of the Acquisition of Rovio
Deal Overview
•
EUR 9.25 per Share
SEGA SEGASammy
Acquisition Price
At the meeting of the Board of Directors held on April 17, 2023, An
announcement of a tender offer to acquire Rovio Entertainment Oyj
("Rovio"), a mobile game company headquartered in Finland, was
resolved
The Acquisition is a friendly takeover, as Rovio's board of directors
has agreed to recommend, and has expressed support towards
the Tender Offer. Shareholders in Rovio who in aggregate hold
shares corresponding to approximately 49.1 percent of the
outstanding shares and votes in Rovio, have irrevocably
undertaken to accept the Offer, subject to certain customary
conditions
.
.
EUR 1.48 per Option
19.0% premium to Rovio's closing price as of April 14, 2023,
17.5% premium compared to the 3M VWAP ending April 14
Total: EUR 706m (JPY 1,036.8 Oku)
*Assumption of €1=\146.9
Tender Offer Period/Threshold & Approval Process
Threshold of tender offer is set at more than 90% of shares
The acquisition is contingent on the completion of reviews under
applicable antitrust laws and other customary conditions
Tender offer will commence once the tender offer document is
approved by the Finnish Financial Supervisory Authority
•
Expected to close on Q2 of FY2024/3
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