Square Enix and Eidos agree buyout terms

Eidos has reached an agreement with Square Enix which will result in the Britsoft firm’s complete share capital being purchased by the Japanese company in early May.

Shareholders are expected to approve the deal at the Eidos EGM later this month.

Following this, trading of Eidos shares will be suspended on April 21st and the cancelling of its share listings is due to occur the following day.

A settlement is hoped to be in place by May 6th.