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EIDOS SETS OUT
ACQUISITION TIMELINE
Copyright 2009 www.tombraiderchronicles.com
[ March 5th 2009 ]
Eidos
has announced a timeline by which it hopes the
forthcoming acquisition by Square Enix will be
complete. Shareholders will be called to an EGM
on March 25th in order to vote on the proposed
acquisition with shares being suspended on 21
April. Providing all events run smoothly, Square
Enix hopes to have full ownership of Eidos plc
by 6 May.
Japanese
video-game maker Square Enix Holdings earlier
this year agreed in principle to buy Eidos Interactive
for $121 million. A statement released by the
company confirms both Eidos and Square have agreed
a deal, subject to shareholder approval.
"The
SQEX Directors and the Eidos Directors are pleased
to announce that they have reached agreement on
the terms of a recommended Offer under which SQEX,
a wholly-owned subsidiary of Square Enix, will
acquire the entire issued and to be issued ordinary
share capital of Eidos. The Offer is to be effected
by means of a scheme of arrangement under the
Companies Act 2006. "
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