Preliminary injunction denied in Activision merger

vActivision has announced that a Delaware Court denied the preliminary injunction requested by a county employees retirement system seeking to stop the merger with Vivendi Games.

The group had filed suit back in February, alleging that the merger failed to offer stockholders an opportunity to realize a "true control premium" for their stock."

The company will be holding a stockholder meeting next Tuesday to consider and vote on proposals to approve the transaction. If approved, Activision anticipates closing the business combination on or about July 9.

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