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About Judy

As WP's managing editor, I edit review and preview articles, attempt to keep up with the frantic pace of Rainier's news posts, and keep our reviewers on deadline, which is akin to herding cats. When I have a moment to myself and don't have my nose in a book, I like to play action/RPG, adventure and platforming games.


EA Waives a Condition on Offer for DICE Shares

by Judy on Jan. 14, 2005 @ 1:33 a.m. PST

The current offer would have made EA the owner of more than 50 percent of the total number of shares, representing a majority vote in DICE after outstanding employee stock options have been exercised. Even though the extended acceptance period has not yet expired, EA has waived the above-mentioned condition.

This means that EA will acquire all the shares tendered in the offer, regardless of whether it reaches the 50 percent threshold (assuming that the acquisition is not hindered or rendered more difficult by circumstances beyond EA's control).

The acceptance period will end on January 20, 2005, and EA does not intend to extend it any further. Payment to shareholders that have tendered, or will tender their shares before the acceptance period expires, is expected to be distributed beginning on or about January 27, 2005.

The other terms and conditions of the offer remain unchanged.

EA reserves the right to acquire additional shares of DICE in the market.

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