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Infogrames Share Price Soars

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....

David Jenkins, Blogger

September 19, 2003

1 Min Read
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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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2003

About the Author

David Jenkins

Blogger

David Jenkins ([email protected]) is a freelance writer and journalist working in the UK. As well as being a regular news contributor to Gamasutra.com, he also writes for newsstand magazines Cube, Games TM and Edge, in addition to working for companies including BBC Worldwide, Disney, Amazon and Telewest.

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