STILL HAVE NO NAME
Copyright 2005 www.tombraiderchronicles.com
[ May 9th 2005 ]
Partners, the U.S. private equity group helmed
by Irish rock star Bono, could be invited back
to the bargaining table in a bid to swing support
from shareholders of video-game publisher Eidos.
Elevation had originally been pinned as favourite
to snap up the creators of Lara Croft, but ordinary
shareholders threatened a mutiny if Eidos didn't
support an all-share offer from rival publisher
SCi Entertainment Group.
warning issued by Electronic Arts - the sector's
weather bell - sent an aftershock through the
industry late last week and wiped 34pc off SCi
Entertainment Group's market capital. The decline
valued SCi's all-share bid for Eidos at just 47p
- less than the 50p per share which Elevation
offered prior to winning the support from Eidos'
Eidos announced it would unanimously support an
all-share offer from SCi Entertainment Group to
the tune of 72.8 pence per Eidos share based on
the closing price of SCi shares on 6 April 2005,
which at the time represented a significant premium
to Elevation's Offer.
witnessed a significant swing during morning trade,
up 23.30pc to 307.30p. This increases the company's
market capital to 87.46 million. Eidos has also
accrued 3.02pc, elevating its market capital to