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Take-Two Interactive, Inc. (TTWO) > Articles

Take-Two Interactive, Inc. (TTWO)
Take-Two board rejects EA's 'inadequate'... - March 26, 2008

Submitted by vGInfidel (150) at 6:27AM PST on March 26, 2008

After reviewing EA's recent and "unsolicited" tender offer to nab shares in the Grand Theft Auto publisher at $26 a piece, Take-Two's board of directors has deemed the maneuver "inadequate in multiple respects and contrary to the best interests of Take-Two's stockholders." The board advises stockholders to hang on to their shares, claiming the offer "substantially undervalues" the company.

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