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About Rainier

PC gamer, WorthPlaying EIC, globe-trotting couch potato, patriot, '80s headbanger, movie watcher, music lover, foodie and man in black -- squirrel!

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SCi Breaks Off Acquisition Talks

by Rainier on Feb. 15, 2006 @ 5:31 p.m. PST

This morning UK publisher SCi made a brief statement that it "does not believe that it is in the company's or the shareholders' interests to prolong talks any further." This means that it has called off negotiations with whoever was in the running up until last week to take over SCi, who themselves had recently taken over ailing UK publisher Eidos. When the news broke SCi's stocks dropped considerably but by the end of business day prices rallied to close slightly above starting price that same morning.
This morning UK publisher SCi made a brief statement that it "does not believe that it is in the company's or the shareholders' interests to prolong talks any further." This means that it has called off negotiations with whoever was in the running up until last week to take over SCi, who themselves had recently taken over ailing UK publisher Eidos. When the news broke SCi's stocks dropped considerably but by the end of business day prices rallied to close slightly above starting price that same morning.
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