EveryMatrix is set to snap up Fantasma Games after tabling an offer to acquire all shares in the Stockholm-based game studio.
Fantasma’s Independent Bid Committee, comprising independent members of its board, has recommended that shareholders back the EveryMatrix takeover bid. The recommended public offer values Fantasma at SEK209.8m ($20.6m). Shareholders will have…until 10 October to accept the offer of SEK59 in cash per share.
EveryMatrix’s offer is 40% above Fantasma’s closing share price of SEK48.60 yesterday on the Nasdaq First North Growth Market Sweden. It is also a 69% premium on the average price over the 30 days up to and including yesterday.
Following [Wednesday’s] announcement, the company’s share price rocketed by over 18% to SEK57.50.
