Eidos Recommends That Shareholders Accept SCi Offer
by Rainier on April 7, 2005 @ 10:18 a.m. PDT | Filed under News
In the ongoing drama surrounding the Eidos take-over, it now seems we may finally be coming to a close. Where initially Eidos announced a deal with Bono's Elevation investment group, SCi quickly made a counter offer which is gaining more and more momentum. Today Board of Eidos plc has undertaken further discussions and due diligence with both the Board of SCi Entertainment in relation to SCi's share offer of one SCi share per six Eidos shares and Elevation Partners, L.P. in relation to Elevation's cash offer of 50 pence per Eidos share.
