March 5th, 2009 by Arjan Olsder Posted in Companies & M&A | No Comments »
Square Enix and Eidos have announced that the companies have agreed on the acquisition of Eidos by Square Enix. When the formalities are over, the companies expect the acquisition to be official by the end of May.
With the acquisition ahead, stock trading will be on hold from April 21th onward. On the 22nd of April, Eidos will be delisted from the stock market. Later this month, shareholders will meet to discuss the acquisition. 75% of the shareholders have to agree in order to let it go through. As the biggest of them (Warner Bros) has already agreed, that is not expected to be a problem.
