EA Take-Two Bid Deadline Passes

[Red Tiger]

EA Take-Two Bid Deadline Passes : Next Generation - Interactive Entertainment Today, Video Game and Industry News - Home of Edge Online

The deadline set by Electronic Arts for Take-Two shareholders to accept its bid has passed without any deal taking place.

EA had put the deadline in place following the initial rejection of its offer from Take-Two’s board. By end of day Friday, no announcement was forthcoming from either company, although EA sometimes releases important statements on Sundays

One reason for the shareholders reluctance may be the present stock-price of Take-Two – at $27.10 it’s over 5% more than EA’s offer. Shareholders may be waiting for EA to come up with a better offer.

[dz06lt]

offer extended to june 16 they already have acquired 8%

[dz06lt]

G4 - The Feed - EA Extends Take-Two Offer...Again