According to a recent SEC filing, Atari is going private. As in a privately owned subsidiary of Infogrames, the parent company.The company will merge Atari with Irata Acquisition Corp, another wholly owned subsidiary of Infogrames and Atari will be the surviving entity. However that means that there will no longer be publicly traded stock in the company and so every share of Atari that you have at present will be worth... $1.68

At the stockholders’ meeting next month a vote will be called to determine if the merger will proceed. Since Infogrames holds 51.6% of the company and they want it to happen, it will happen. So even if you don’t want your Atari stock taken from you, it will be. Of course if you vote against and do all the other things you need to do you might get a court case for the fair value of the stock. Considering it was $1.63 when they delisted earlier this year, it’s not such a bad offer from Infogrames.