Infogrames Attempts To Reinforce Equity

After the company’s decision yesterday to suspend its shares, representatives from Infogrames (aka Atari) have revealed an offer to buy back the company’s 2004 and 2005 convertible bonds, which will result in maximum share dilution of 30.3% of the enlarged capital. If the offer is entirely successful it will reinforce the company's shareholder equity by €250.9 million ($293.4m).