Tencent Makes 513p/Share Cash Offer For Video Game Firm Sumo Group
T-Reuters2021-07-19
Sumo Group PLC:Tencent Holdings Ltd Sumo Group Plc - Offer For Sumo Group Plc.Tencent Holdings Limited - Under Terms Of Acquisition, Sumo Shareholders Will Be Entitled To Receive: For Each Sumo Share: 513 Pence In Cash.Tencent Holdings - Offer Values Entire Issued And To Be Issued Share Capital Of Sumo At Approximately £919 Million On A Fully Diluted Basis.Tencent Holdings - Sumo Board Considers Terms Of Acquisition To Be Fair And Reasonable.Tencent Holdings - Sumo Board Intends To Recommend Unanimously That Sumo Shareholders Vote To Approve Deal.
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