Kathunter's Personal Space

"In a surprise move, retailers GameStop Corp and Electronic Boutique Holdings Corp jointly announced today that the two have entered into a definitive agreement and plan of merger. The company to be formed from the merger will be called GameStop Corp, will be pulling in annual revenues of $3.8 billion, spanning 3,200 stores across all 50 United States, District of Columbia, and Puerto Rico, as well as around 600 international stores. Under the agreement, Electronics Boutique Holdings Corp shareholders will receive $38.15 in cash, plus the equivalent of 0.78795 shares of GameStop Corp Class A common stock for each share of Electronics Boutique, with the total transaction being at $1.44 billion with consideration consisting of approximately 70% cash and 30% common stock."