EID Eidos

RNS Number:4932K
Eidos PLC
01 April 2005



> 1 April 2005
> Eidos plc
> Offer Update

As shareholders will be aware, since the announcement of the recommended cash
offer of 50 pence per Eidos share by Elevation Partners ("Elevation") on 21
March 2005 (the "Elevation Offer"), a further offer for the Company has been
announced by SCi Entertainment Group Plc ("SCi") in the form of one new SCi
share for every six Eidos shares (the "SCi Offer").

Since the relevant announcements, the Board has undertaken discussions with both
parties in relation to their respective offers. These discussions are ongoing as
the Board continues to evaluate the merits of the certain value represented by
the Elevation cash offer contrasted with the greater, but less certain, current
value of the SCi paper offer. The Board intends to await further clarification
in relation to each offer and to take account of any further developments before
recommending a final course of action which will be communicated to shareholders
in due course. In the meantime, shareholders are advised to take no action.






The Directors of Eidos accept responsibility for the information contained in
this announcement save that the only responsibility accepted by them in respect
of information relating to Elevation and the Elevation Offer, and SCi and the
SCi Offer respectively (which has been compiled from public sources) is to
ensure that such information has been correctly and fairly reproduced and
presented. Subject as aforesaid, to the best of the knowledge and belief of the
Directors of Eidos (who have taken all reasonable care to ensure that such is
the case), the information contained in this announcement for which they accept
responsibility is in accordance with the facts and does not omit anything likely
to affect the import of such information.

Contact:

Eidos plc                     +44 (0)20 8636 3000
John van Kuffeler, Chairman
Mike McGarvey, CEO

Brunswick (UK)                +44 (0) 20 7404 5959
Jonathan Glass
Wendel Verbeek

Brunswick (NY)                +1 212 333 3810
Nina Devlin

UBS Investment Bank           +44 (0)20 7567 8000
(financial adviser to Eidos)
Adrian Haxby
Benjamin Robertson





                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
OUPUASORVRRSRAR

Eidos (LSE:EID)
Historical Stock Chart
From Jun 2024 to Jul 2024

Eidos (LSE:EID)
Historical Stock Chart
From Jul 2023 to Jul 2024