Activision Blizzard Announces Two-for-One Stock Split
11 Luglio 2008 - 5:15PM
Business Wire
Activision Blizzard, Inc. (Nasdaq: ATVI) announced today that its
Board of Directors approved a two-for-one stock split of its
outstanding shares of common stock to be effected in the form of a
common stock dividend. Stockholders will receive one additional
share for each share of common stock held on the record date. The
company expects that the record date for the stock split will be a
date shortly after the closing of the company�s previously
announced self tender offer. Additional information regarding the
stock split, including announcement of the record date, will be
provided by the company following completion of the tender offer.
�This action reflects our strong financial position and our
confidence in the opportunities for further growth,� said Robert
Kotick, President and CEO of Activision Blizzard. �We believe the
stock split will lead to wider ownership by making our stock
accessible to a broader base of investors.� About Activision
Blizzard Headquartered in Santa Monica, California, Activision
Blizzard, Inc. is a worldwide pure-play online and console game
publisher with leading market positions across all categories of
the rapidly growing interactive entertainment software industry.
Activision Blizzard maintains operations in the U.S., Canada, the
United Kingdom, France, Germany, Ireland, Italy, Sweden, Spain,
Norway, Denmark, the Netherlands, Romania, Australia, Chile, India,
Japan, China, the region of Taiwan and South Korea. More
information about Activision Blizzard and its products can be found
on the company's website, www.activisionblizzard.com. Cautionary
Note Regarding Forward-looking Statements: Information in this
press release that involves Activision Blizzard�s expectations,
plans, intentions or strategies regarding the future are
forward-looking statements that are not facts and involve a number
of risks and uncertainties. Activision Blizzard generally uses
words such as �outlook�, �will,� �remains,� �to be,� �plans,�
�believes�, �may�, �expects,� �intends,� and similar expressions.
Factors that could cause Activision Blizzard�s actual future
results to differ materially from those expressed in the
forward-looking statements set forth in this release include, but
are not limited to, sales of Activision Blizzard�s titles in its
fiscal year 2009, shifts in consumer spending trends, the seasonal
and cyclical nature of the interactive game market, Activision
Blizzard�s ability to predict consumer preferences among competing
hardware platforms (including next-generation hardware), declines
in software pricing, product returns and price protection, product
delays, retail acceptance of Activision Blizzard�s products,
adoption rate and availability of new hardware and related
software, industry competition, rapid changes in technology and
industry standards, protection of proprietary rights, litigation
against Activision Blizzard, maintenance of relationships with key
personnel, customers, vendors and third-party developers, domestic
and international economic, financial and political conditions and
policies, foreign exchange rates, integration of recent
acquisitions and the identification of suitable future acquisition
opportunities, Activision Blizzard�s success in integrating the
operations of Activision and Vivendi Games in a timely manner, or
at all, and the combined company�s ability to realize the
anticipated benefits and synergies of the transaction to the
extent, or in the timeframe, anticipated. Other such factors
include the further implementation, acceptance and effectiveness of
the remedial measures recommended or adopted by the special
sub-committee of independent directors established in July 2006 to
review the company�s historical stock option granting practices,
the finalization of the tentative settlement of the SEC's formal
investigation and final court approval of the proposed settlement
of the derivative litigation filed in July 2006 against certain
current and former directors and officers of Activision Blizzard
relating to Activision Blizzard's stock option granting practices,
and the possibility that additional claims and proceedings will be
commenced, including additional action by the SEC and/or other
regulatory agencies, and other litigation unrelated to stock option
granting practices and any additional risk factors identified in
Activision Blizzard�s most recent annual report on Form 10-K and
quarterly reports on Form 10-Q and the definitive proxy statement
filed on June 6, 2008 in connection with the Vivendi
transaction.�The forward-looking statements in this release are
based upon information available to Activision Blizzard as of the
date of this release, and Activision Blizzard assumes no obligation
to update any such forward-looking statements. Forward-looking
statements believed to be true when made may ultimately prove to be
incorrect. These statements are not guarantees of the future
performance of Activision Blizzard and are subject to risks,
uncertainties and other factors, some of which are beyond its
control and may cause actual results to differ materially from
current expectations.
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