Phil Elliott
13:09 (BST)
11/01/2008
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SCi stock plummets on takeover pull-out
Shares in UK publisher drop by 56 per cent following yesterday's announcement
Following last night's announcement by SCi that it had pulled out of talks with other companies on a potential takeover move, the company's share price has plummeted by over a half.
At the time of writing the latest price was GBP 0.59, a drop of 56.3 per cent since close yesterday, when the value was GBP 1.35.
Speculation on a move had been rife since the company announced last September that several parties had expressed an interest, and that it had engaged in discussions, but as the year ended and other significant deals had concluded, including the Activision Blizzard agreement, SCi stock began to drop steadily.
The current value represents the stock's lowest value since early 2003, and compares with a high of end of GBP 6.15 at the end of 2005.
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