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ATVI » Topics » ACTIVISION BLIZZARD ANNOUNCES FINAL RESULTS OF SELF-TENDER OFFER

This excerpt taken from the ATVI 8-K filed Aug 19, 2008.

ACTIVISION BLIZZARD ANNOUNCES FINAL RESULTS OF SELF-TENDER OFFER

 

Santa Monica, CA – August 19, 2008 – Activision Blizzard, Inc. (Nasdaq: ATVI) today announced the final results of its tender offer to purchase up to 146,500,000 shares of its outstanding common stock at a price of $27.50 per share, net to the tendering stockholders in cash, less any applicable withholding taxes and without interest.  The tender offer expired at 5:00 p.m., New York time, on Wednesday, August 13, 2008.

 

Pursuant to the tender offer, Activision Blizzard has purchased 85,916 shares of its common stock at a purchase price of $27.50 per share for a total cost of approximately $2.3 million, excluding fees and expenses relating to the tender offer.  Activision Blizzard is funding the purchase of shares in the tender offer with available cash on hand.

 

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