EIDOS' SHARE PRICE SLIMS BY 17%

[ 10 January 2005 ]

Shares in video-game publisher Eidos have dropped 17% following an announcement dismissing claims the company was the recipient of a buyout offer tendered by UBI SOFT an unnamed suitor. In a statement released on Friday, Eidos said: "The Board of Eidos has noted the recent rise in the Company's share price. Although, as described below, discussions with potential offers are continuing, the Board is not aware of any particular reason to justify this movement."

David Pannell, director of research at investment bank Durlacher, told the BBC the declining price during this morning's trade was "purely a reaction" to Friday's statement. "Eidos remains committed to a sale of the Company in the best interests of its shareholders and will continue to pursue the discussions still under way with a view to securing an offer as soon as possible." concludes Eidos' post-AGM statement.