Sega shareholders give go-ahead to Sammy merger

One of the industry's biggest-ever mergers is on track for October

As we announced in our previous Sega post, we said that Sega would announce today what their plans will be. Sammy's plans to merge with Sega next October as Sega's shareholders gave their approval to the 3.8 billion Euro deal at the company's AGM in Tokyo.

Shareholders and owners knew the vote would go in favor of the deal. The next issue in the deal is to come on September 27th as both Sammy and Sega's shares will be withdrawn from trading on the Nikkei stock exchange, followed by the issuing of shares in Sega Sammy Holdings in October 1st. Sammy shareholders will still receive one share of Sega Sammy Holdings for each Sammy share they own, while Sega shares will be exchanged for 0.28 shares of the new corporation.

News source: gamesindustry.biz

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