EA Adjusts Offer For Digital Illusions

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from ve3d.com

Together with the 18.9% of the outstanding capital and votes currently held by EA, this would give EA today control of 4,498,697 shares, representing 44.5% of the outstanding capital and votes in DICE. As a result, the offer has not yet been accepted to such an extent that EA has become the owner of more than 90% of the total number of shares representing more than 90 percent of the votes in DICE, which was a condition for the implementation for the offer.
EA today changes the condition above and conditions the offer upon an acceptance level through which EA would become the owner of more than 50% of the total number of shares representing more than 50% of the capital and votes in DICE after dilution upon exercise of employee warrants outstanding under the option program launched in 2002. As a consequence of this, the acceptance period is extended to January 20, 2005.