Shares in Infogrames have soared today as confirmation was given of the company’s deal to cut its debt by $115 million, by selling 27 million shares in its US Atari unit....
Shares in Infogrames have soared today as confirmation was given of the company’s deal to cut its debt by $115 million, by selling 27 million shares in its US Atari unit. This puts the company in a much stronger position to repay €125 million ($142m) in bonds due in 2004 and €222 million ($252m) in 2005. The company’s shares gained 5.69% to €5.20 ($5.90) by 09:35 GMT, outperforming fellow French rival Ubisoft.
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