SCi GROUP CONCLUDES
TAKOVER TALKS
Copyright 2006 www.tombraiderchronicles.com
[ February 15th 2006 ]
SCi
Entertainment Group Plc has said talks to
find a potential buyer have ended without success.
The announcement caused the company's share price
to fall on the London Stock Market during morning
trade.
"The
Board of SCi announces today that it has terminated
all discussions in relation to an offer for the
Company. The Board does not believe that it is
in the Company's or the shareholders' interests
to prolong talks any further."
On the
assimilation of newly aquired British rival Eidos,
SCi said: "The integration of SCi and Eidos has
been successfully completed and the Group remains
on track to achieve its financial targets for
the year to 30 June 2006.
"As recently
reported the level of sales activity in the first
half of the financial year exceeded £40 million.
This is approximately £15 million better than
the Group's internal budget."
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