Take-Two Interactive, Inc. (TTWO)EA makes all cash tender offer to purchase Take-Two
Joystiq.com - March 13, 2008
Submitted by vGInfidel (150)
at 4:32AM PST on March 13, 2008
With Take-Two Executive Chairman Strauss Zelnick having thoroughly rejected EA's initial buyout offer, the publisher has redirected its corporate Katamari at Take-Two shareholders. EA has announced the commencement of a tender offer for all of the currently outstanding shares of common stock of Take-Two Interactive Software at $26 per share. When compared to Wednesdays stock price it constitutes a 4.4% premium. The tender offer is good until midnight EST on Friday, April 11, 2008.