I'll buy that for a dollar!
The Activision/Vivendi/Blizzard merger that will create a £4.9 billion game publisher has taken on step closer to closure with a stockholder rebellion being thrown out of court.
Activision is to have an investors' conference on July 8th, during which a vote will be put that is expected to ratify the merger to create Activision/Blizzard ('ActiBlizz' to its friends).
A single shareholding entity, the Detroit pension fund, Wayne County Employees' Retirement System, had taken Activision to court in February seeking to stop the meeting and therefore the vote. The reason, according to Bloomberg, was that "(Activision) directors hadn't obtained the best deal for shareholders."
The case was thrown out of the Delaware Chancery Court on July 1st by Judge William B Chandler yesterday. Judge Chandler stated, "Plaintiff has failed to demonstrate how any of the alleged omissions would significantly alter the total mix information that is already available.''
So, July 8th should see ActiBlizz happening in the USA as well as Europe.
Source: Bloomberg
Official Statement from Activision
Activision is to have an investors' conference on July 8th, during which a vote will be put that is expected to ratify the merger to create Activision/Blizzard ('ActiBlizz' to its friends).
A single shareholding entity, the Detroit pension fund, Wayne County Employees' Retirement System, had taken Activision to court in February seeking to stop the meeting and therefore the vote. The reason, according to Bloomberg, was that "(Activision) directors hadn't obtained the best deal for shareholders."
The case was thrown out of the Delaware Chancery Court on July 1st by Judge William B Chandler yesterday. Judge Chandler stated, "Plaintiff has failed to demonstrate how any of the alleged omissions would significantly alter the total mix information that is already available.''
So, July 8th should see ActiBlizz happening in the USA as well as Europe.
Source: Bloomberg
Official Statement from Activision
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