DGAP-News: Frogster Interactive Pictures AG: Update on shareholder pool / Award as a strongly growing internet company
(firmenpresse) - Frogster Interactive Pictures AG / Mergers&Acquisitions/Letter of Intent
17.05.2010 07:30
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
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Berlin, 17.05.2010: The leadership of the Frogster shareholder pool has
informed Frogster Interactive Pictures AG, international publisher of
massively multiplayer online games with headquarters in Berlin and
subsidiaries in Berlin, San Francisco and Seoul, that the M&A advisory firm
Corporate Finance Partners (CFP) was acknowledged about the intention of
renowned anglo-saxonian finance investors to very shortly submit
non-binding offers on the purchase of the block of shares holding just
under 40% of Frogster's shares. Since the end of 2009, a Frogster
shareholder pool has been pursuing the intention to acquire an anchor
shareholder and to sell them the share block significantly above the
current stock price for a share price of 30 Euro. The price indications of
the interested parties are above the actual stock price but notably below
the minimum price of 30 Euro asked for by the shareholder pool.
The pool shareholders will evaluate whether to enter into more intensive
negotiations or not. In the positive event, the management anticipates that
the already prepared so-called due diligence will be performed soon and
afterwards negotiations between potential buyer and shareholder pool on the
exact terms of the transaction will take place. Should such negotiations
not be taken up by the shareholder pool or run fruitlessly, the pool will
disband per June 30th as planned.
Awarding of one of the strongest growing European internet companies
At the GP Bullhound Media Momentum Awards 2010 which were awarded on May
12th, Frogster reached the 20th position within the ranking of the 50
strongest growing European internet companies. In London, last Wednesday
evening, the British investment and technology bank GP Bullhound presented
the awards for outstanding corporate accomplishments and outstanding growth
dynamic of companies in the digital economy for the sixth time. Alongside
this, Andreas Weidenhaupt, member of the Frogster management board is being
ranked on position nine in a newly put up ranking list of the most
influential personalities within the worldwide MMO Game business by a
leading American print magazine for massively multiplayer online games,
Beckett Massive Online Gamer. With this, the magazine simultaneously views
him as the most influential European within the segment of MMO Games in
general.
Frogster Interactive Pictures AG, Tel. +49 (0)30-28 47 01-0
17.05.2010 07:30 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: Frogster Interactive Pictures AG
Hardenbergstr. 9A
10623 Berlin
Deutschland
Phone: 030 / 284701-10
Fax: 030 / 284701-11
E-mail: frogster(at)ir-services.de
Internet: http://www.frogster-ip.de/
ISIN: DE000A0F47J1
WKN:A0F47J
Indices: Entry Standard Performance-Index
Listed: Freiverkehr in Berlin, München, Düsseldorf, Stuttgart; Open
Market (Entry Standard) in Frankfurt
End of News DGAP News-Service
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Datum: 17.05.2010 - 07:30 Uhr
Sprache: Deutsch
News-ID 20928
Anzahl Zeichen: 0
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Kategorie:
Business News
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