SCi Breaks Off Acquisition Talks
by Rainier on Feb. 15, 2006 @ 5:31 p.m. PST | Filed under News
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.
