SCi receives fresh shareholder backing

By Johnny Minkley
Under the terms of the proposed deal, one share in SCi is offered for every six shares in Eidos.

The minimum point at which SCi could declare its bid unconditional and take effective control of the company is 51 per cent. Should SCi achieve 90 per cent it will be in a position to compulsorily purchase the remaining Eidos shareholders.

SCi is currently bidding for Eidos against Elevation Partners, a US-based private equity firm.

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