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SCi TO RALLY SHAREHOLDER
SUPPORT
Copyright 2005 www.tombraiderchronicles.com
[ March 28th 2005 ]
SCi Entertainment
will try to rally support from Eidos shareholders
when it meets with management on Tuesday to present
its case for acquiring the company, Financial
Times reports today. SCi recently fortified its
position in an acquisition battle with Elevation
Partners by scoring a 20% stake in the beleaguered
publisher. Investment group Schroder accepted
SCi's all-share bid on behalf of 14.99 per cent
of Eidos' shareholders.
Elevation
Partners and SCi are both vying for Eidos, even
though a statement issued on behalf of Eidos says
the firm has already accepted an all-cash offer
from Elevation Partners to the tune of 50 pence
for each Eidos Share and each Eidos ADS (each
Eidos ADS representing 1 Eidos Share) for the
whole of the issued and to be issued share capital
of Eidos. This offer values Eidos at 71 million
pounds.
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