Eidos board backs SCi bid
The board of troubled UK games publisher Eidos has recommended the company’s shareholders accept the bid launched on 22 March by rival publisher SCi. The board had previously backed an offer from investment group Elevation Partners.
"The board, who has been so advised by UBS Investment Bank, its financial advisor, consider that the terms of the SCi offer are fair and reasonable," the company said in a statement issued today. "Accordingly, the board unanimously recommends to Eidos shareholders that they accept the SCi offer."
Read the complete story . (The Register)
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