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

Take-Two Interactive, Inc. (TTWO)
EA extends T2 Offer until June 16th

MCV - May 19, 2008

Submitted by deftangel (291) at 6:01AM PST on May 19, 2008

The new deadline gives Take Two’s investors until 11.59pm (EST) on June 16th to accept or decline EA’s offer of $25.74-per-share (around $2bn). A release from EA sent out today also leaves the company the option of extending the deadline yet again should it feel the need. ‘As of 5:00 p.m., New York City time, on Friday, May 16, 2008, approximately 6,210,261 shares of Take-Two had been tendered in and not withdrawn from the tender offer’.

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