Take-Two/EA Saga - Part IV
June 18, 2008 by Raj
Filed under Corporate, Development, Miscellaneous, Newsbits, Press Releases
The magical fairy tail of a capitalist corporation hell-bent on swallowing a talented publisher continues…..
Press Release:
Take-Two Interactive Software, Inc. (NASDAQ:TTWO) today responded to Electronic Arts Inc.’s (NASDAQ:ERTS) announcement that it is extending for a fourth time its unsolicited conditional tender offer to acquire all of Take-Two’s outstanding shares.
As reported by EA, only 6,139,824 of Take-Two’s outstanding shares, or approximately 7.9% of the total, tendered into EA’s offer as of 5:00 p.m. Eastern time on June 16, 2008. Read more
Take-Two responds to EA’s Takeover extension offer
May 19, 2008 by Raj
Filed under Corporate, Development, Miscellaneous, Newsbits, Press Releases
More twists & turns in Take-Two/EA fairytale, Take-Two’s response is still NO.
Press Release:
Take-Two Interactive Software, Inc. (NASDAQ:TTWO) today responded to Electronic Arts Inc.’s (NASDAQ:ERTS) announcement that it is extending for a third time its unsolicited conditional tender offer to acquire all of Take-Two’s outstanding shares. As reported by EA, only 6,210,261 of Take-Two’s outstanding shares, or approximately 8.0% of the total, tendered into EA’s offer as of 5:00 p.m. Eastern time on May 16, 2008. Read more
Take Two Rejects EA’s Takeover Proposal
March 26, 2008 by Raj
Filed under Action, Adventure, Corporate, Press Releases
Remember that Final Decision in 10 days news? Well, it’s been Ten days, and the official judgment is out; Take-Two has rejected EA’s Takeover deal. According to the press release: The Board of Directors of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) today announced that it has thoroughly reviewed Electronic Arts Inc.’s (NASDAQ: ERTS; “EA”) unsolicited conditional tender offer with the assistance of its financial and legal advisors and unanimously determined that the $26.00 per share cash offer is inadequate in multiple respects and contrary to the best interests of Take-Two’s stockholders. Accordingly, the Board recommends that stockholders not tender any of their shares to EA. The basis for the Board’s unanimous decision is set forth in Take-Two’s Schedule 14D-9 filed today with the Securities and Exchange Commission. Read more
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