EA Steps Up Efforts to Acquire Take-Two
by Greg Leahy - 6:14 pm EDT
Total comments: 39
Source: The Wall Street Journal
A tender offer of $26 per share will be made directly to shareholders following the rejection by Take Two's directors of last month's equally priced takeover bid.
The Wall Street Journal has learned that Electronic Arts is continuing to pursue a takeover of Take-Two Interactive, following up last month's $26 per share offer that was rejected by Take-Two's board of directors with a tender offer to shareholders at the same price.
The move to circumvent... Read more...