NEW YORK, March 6 /PRNewswire-FirstCall/ -- Atari, Inc. (Nasdaq: ATAR),
an interactive entertainment company, today announced that it received a
letter from Infogrames Entertainment S.A. (IESA), Atari, Inc.'s majority
shareholder, regarding IESA's non-binding expression of intent to acquire
the outstanding common stock of Atari, Inc. not owned by IESA and its
affiliates for a per share cash amount of $1.68. A Special Committee of
Atari, Inc.'s Board of Directors intends to undertake, together with its
advisors, a thorough evaluation of the proposal.
The offer is non-binding and there is no assurance that any transaction
will occur or as to the terms of any transaction.
About Atari, Inc.
New York-based Atari, Inc. (Nasdaq: ATAR) publishes and distributes
interactive entertainment software in the U.S. The Company's 1,000+
published titles distributed by the Company include hard-core, genre-
defining franchises such as Test Drive(R); and mass-market and children's
franchises such Dragon Ball Z(R). Atari, Inc. is a majority-owned
subsidiary of France-based Infogrames Entertainment SA (Euronext - ISIN:
FR-0000052573), an interactive games publisher in Europe. For more
information, visit http://www.atari.com.
Safe Harbor Statement
With the exception of the historical information contained in this
release, the matters described herein contain certain "forward-looking
statements" that are made pursuant to the Safe Harbor provisions of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements in this release are not promises or guarantees and are subject
to risks and uncertainties that could cause actual occurrences to differ
materially from those anticipated. These statements are based on
management's current expectations and assumptions and are naturally subject
to uncertainty and changes in circumstances. We caution you not to place
undue reliance upon any such forward-looking statements.
The Company undertakes no duty to update any forward-looking statements
to conform the statement to actual results or changes in the Company's
expectations.
SOURCE Atari, Inc.
