Eidos board unanimously recommends SCi's offer

The end seems to be in sight for the takeover drama at UK publisher Eidos, with the company's board this morning announcing that it is recommending the offer from British firm SCi to shareholders. The board is advising shareholders to opt for the SCi bid, which offers one new SCi share for every six Eidos shares held, a nominal value of almost 73 pence, in favour of a rival bid from US private equity firm Elevation Partners, which has offered 50 pence per share in cash.

News source: GamesIndustry.biz

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