SHAREWATCH: SCi stock dips 17% - MCV

SHAREWATCH: SCi stock dips 17%

Author:
Publish date:

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.

Related