(RTTNews) - Silverstar Holdings, Ltd. (SSTR) said Monday that it had achieved over 90% acceptance of its offer to acquire the shares of Empire Interactive PLC. The deal became effective on November 21. However, with acceptance levels exceeding 90%, the offer to any remaining shareholders will terminate on December 15.

In late October, Silverstar announced that it had submitted a definitive offer to acquire Empire Interactive PLC. The offer called for either a cash payment of 7p (approx. $0.13) per share on closing or an earn-out alternative where the initial payment will be 4.9p (approx. $0.09) per share with a further 5.1p (approx. $0.094) per share payable subject to certain conditions on October 31, 2007. The earn-out alternative also includes further incentive payments subject to Empire achieving certain EBITDA targets for the year ended June 30, 2007.