Keywords Studios Plc (KYYWF), an Irish video game company, confirmed that it is in advanced talks with a fund of EQT Group, a Swedish private investor, for a possible cash offer of 2,550 pence per share to acquire the company.
The Irish firm has evaluated the possible offer and concluded that it is at a value that the Board would be minded to recommend to its shareholders.
This possible offer is subject to satisfaction or waiver by EQT of customary pre-conditions, including completion of confirmatory due diligence by the Swedish company, Keywords Studios said in a statement.
The possible offer follows four previous unsolicited proposals from EQT in recent months, which the Board rejected, and represents a significant increase from the initial proposal.
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