eidos--maker of Tomb Raider Message Board

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Technology Stocks : eidos--maker of Tomb Raider

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To: hl who wrote (1660)	3/25/1999 10:17:00 AM
From: AJ Berger	Read Replies (2) of 1773

So now EIDSY is Not buying Gremlin?! Wednesday, March 24, 1999 - 09:15 CST Infogrames Set to Acquire Gremlin Group CTW News Digest is reporting that Infogrames Entertainment is set to acquire Gremlin Group through a recommended cash offer which was agreed by the boards of both companies and announced today. Under terms of the deal, Infogrames has offered 120 pence in cash for each Gremlin share, valuing the company at about £22.9 million pounds. The directors of Gremlin will unanimously recommend that Gremlin shareholders accept the offer. Infogrames already has endeavored to accept the offer from Gremlin directors and other Gremlin shareholders who hold a total of about 53.8 per cent of Gremlin's issued ordinary share capital. The announcement came as Gremlin reported a loss of £1.15 million on ordinary pre-tax activities for the half year ending Jan. 31st 1999.

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