Square Enix and Eidos have agreed a timetable for the outright purchase of the ailing Britsoft publisher by the Japanese giant.
The timetable details the sequence of events that will see Eidos's complete share capital bought by Square as of May.
Square confirmed its interest in Eidos in mid-February following
Eidos confirming it was in buyout talks in January. At that point Square was already
looking like a strong suitor.
Warner Brothers, which already owned nearly 20% of Eidos, said it
wouldn't block Square's purchase of the British publisher.
You can see the planned timetable of events below.
6.00 p.m. on 25 MarchShareholder voting record time in respect of the Court Meeting and the EGM
10.00 a.m. on 27 MarchCourt Meeting
10.10 a.m. on 27 March EGM
The following dates are subject to change.21 AprilSuspension of listing and dealings in, and last date for registration of transfers of, Eidos Shares
6.00 p.m. on 21 AprilScheme Record Time
21 AprilCourt hearing to sanction the Scheme and to confirm the Capital Reduction
22 AprilEffective Date of the Scheme
8.00 a.m. on 22 AprilCancellation of listing of Eidos Shares
6 MayLatest date for despatch of cheques and settlement through CREST (if Scheme becomes effective on 22 April 2009)
All of these dates are, of course, indicative.