GameStop's offer to acquire the parent company of online retailer ThinkGeek has now expired, meaning GameStop is all but the new owner of Geeknet, Inc.
As it stands, just under 87% of Geeknet, Inc. shares "were validly tendered and not withdrawn," which is investor speak meaning GameStop's offer to acquire Geeknet is moving ahead.
After the transfer of the shares, the acquisition will be completed and GameStop will complete its merger with Geeknet, Inc. GameStop will pay $20 per share for the outstanding Geeknet stock, of which there are nearly 6 million shares.
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As it stands, just under 87% of Geeknet, Inc. shares "were validly tendered and not withdrawn," which is investor speak meaning GameStop's offer to acquire Geeknet is moving ahead.
After the transfer of the shares, the acquisition will be completed and GameStop will complete its merger with Geeknet, Inc. GameStop will pay $20 per share for the outstanding Geeknet stock, of which there are nearly 6 million shares.
Continue reading…
Continue reading...