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Date: Friday 18 Jul 2008

LONDON (ShareCast) - Materials science company EAG, already the subject of a £73.4m 110p a share bid from Odyssey Investment Partners Fund, is also on the radar of SVTC Technologies.

SVTC, a provider of outsourced services to the semiconductor industry, said it is considering its position and may launch a counter offer in cash.

California-based SVTC was bought by Oak Hill Capital Partners and Tallwood Venture Capital in 2007.

“The announcement does not amount to a firm intention to make an offer,” it said. “There can be no certainty that an offer for EAG will be made by SVTC.”

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