Tecmo and Koei to Merge in April

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According to a report released by Bloomberg yesterday, stockholders of Tecmo and Koei have approved the merger April 1st.

Tecmo stockholders will receive .9 of each share when the companies merge, and Koei investors will receive a one for one trade.

Effissimo Capital Management, who all along were against the merger, have stated that they may sell their share of the company, which is around 16%. At the moment they are the second largest shareholder of Tecmo.

In : PC

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