Gide advised Atari on the entry into of an agreement with Irata LLC, a company controlled by Wade Rosen, Atari's Chairman and CEO, in view of the filing by Irata of a cash tender offer on Atari’s shares for EUR 0.19 per share.
The price of the Offer values 100% of the securities of the company at EUR 72.7M and will represent a premium of 45.6% over the closing share price on 22 September 2022.
Gide's team advising Atari was headed by partners Olivier Diaz and Charles de Reals, working with associates Corentin Charlès and Pierre Olivier.
Hogan Lovells advised Irata, with partner Matthieu Grollemund, working with counsel Pierre-Marie Boya and associate Thomas Gluzman on corporate aspects, as well as partner Ludovic Geneston, working with associate Maryll Pizzetta on tax aspects.