EIDOS GEARS UP
FOR SHARE INITIATIVE
Copyright 2001 www.tombraiderchronicles.com
[ May 26th 2001 ]
Eidos
Interactive, the publisher of Core Designs Tomb
Raider series, will launch a new share initiative
aimed at generating £50m to help fund a new expansion
project, FT MarketWatch reports today. Eidos aims
to raise £50 million by selling the new shares
at almost half its current share price, the report
said. Eidos shares have dropped from more than
£10 to a low of 163 pence since the beginning
of last year. The shares fell 5.1 percent to 297
pence on Friday.
Dresdner
Kleinwort Wasserstein, its house broker, is expected
to be leading the rights issue. The company hopes
that the worst might be in its past, as new games
consoles from the likes of Sony, Nintendo and
Microsoft could spark a revival in the industry.
The delay of Sony's PlayStation 2 games console
and Microsoft's postponement of its X-box product
hit Edios hard, but with PS2 now on the market
and X-box on its way, the company hopes to take
advantage of a more optimistic sentiment in the
games industry.
Another
boost could come from the release of the Tomb
Raider motion picture, which is due out this summer,
starring Angelina Jolie as Lara Croft. The report
did not say when the rights issue would take place.
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