Eidos Pencils In Square Enix Takeover For May (Kotaku 4/3/09)

by **VampiricPadraig** Wed Mar 04, 2009 2:46 pm

UK publisher Eidos has issue a timeline to its shareholders, indicating that if all goes as planned, Square Enix will take full ownership on May 6th.

Eidos management has been in favor of the Square Enix buyout since the Japanese developer and publisher first made it public early last month. This timeline is just another in a long line of steps taken to convince the shareholders that this is the right move to make.

Here's how things will go down:

March 26th: Shareholder vote to approve the buyout. Hopefully the vote yes.
April 21st: Trading of Eidos stock is halted, with the de-listing of said stock occuring the next day.
May 6th: Square Enix owns Eidos fully, everybody parties until the pass out.

Or something along those lines.

Of course the shareholders could still vote down the buyout, but with the terms Square Enix is offering, we see no reason why any sane person would.