A prominent stockholder in Square has expressed dismay at the upcoming merge of Square and Enix. As the largest stockholder of Square, Masafumi Miyamoto is not satisfied with the way the merger is going. He is in favor of the companies merging, but not on the terms provided. At the current exchange rate, Miyamoto will lose a large amount of stock in the new company.
Masafumi Miyamoto's approval is necessary for the merger to go through, so Square and Enix are looking for solutions to the problem so that the merger can go ahead as planned. Both companies have called stockholder meetings to see if they can work out a solution and proceed with the merger as normal. At the moment, without Masafumi Miyamoto's approval, there will be no merger taking place.
Update: Square shareholders will now recieve .85 per share in the new company for every share they currently own in Square. Enix shareholders will still be able to trade for a one-to-one ratio. The Square-Enix merger will proceed as planned.
[Source:] RPGamer.
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