Bandai and Namco To Merge

Entertainment company Bandai announced today that they've purchased game creator Namco and as of September of this year will be merging into a single company. From the article: "Bandai shares fell 2.5 percent to 2,335 yen as of 2:27 p.m. in Tokyo, after dropping as much as 3.8 percent. Namco shares rose 8.8 percent to 1,530 yen, headed for their biggest gain since November 2003. The companies' shares were suspended for the first one and a half hours of trading, following an earlier report of the merger plan by the Nihon Keizai newspaper."