News of Warner deal and £60m funds top-up see share price plummet
Shares in SCi have dropped by 17 per cent this morning, after the Eidos parent announced it had raised £60m and sold more stock to Warner Bros – effectively ending any chance of a takeover.
The firm also announced that it has agreed a new distribution agreement with Warner in North America and Mexico.
SCi’s share price has fallen from over 500p-per-share last summer to just 46.5p-per-share this morning, following much in the way of takeover speculation, management restructuring and a full-scale corporate overhaul.
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