APPROVE EIDOS BID
Copyright 2005 www.tombraiderchronicles.com
[ May 13th 2005 ]
Group's acquisition of rival publisher Eidos plc
came one step closer today as shareholders approved
its proposed purchase at the company's AGM. This
approval effectively seals Eidos' fate and prevents
U.S. equity group Elevation Partners from being
invited back to the bargaining table.
to a statement released by Eidos: "SCi announces
that at the Extraordinary General Meeting of the
Company held earlier today, the resolutions necessary:
(i) to effect the Offer for Eidos and the issue
of up to 23,667,078 Offer Shares; and (ii) to
effect the issue of 20,038,982 Placing and Open
Offer Shares were approved."
meeting with SCi Entertainment Group's shareholders
will take place on May 17 2005, with an announcement
on the drawn out acquisition of Eidos pending.