Square and Enix resolve stock issue?

According to a Reuters report, Enix and Square have reached new terms for their merger agreement. Late last week, Masafumi Miyamoto, the majority stockholder in Square, expressed his dissatisfaction with the original ratio involved in the merger's stock exchange, which valued a single share of Square at .81 for every Enix share. The new agreement will push the value of Square's stock to .85. When asked if Miyamoto approved of the new agreement, Square president Yoichi Wada told reporters that Miyamoto now supports the deal.

The total value of the Square and Enix merger has been valued at $39.5 million. We'll post more when it becomes available.