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Electronic Arts, Inc (ERTS)
EA extends Take-Two takeover offer to Aug. 18
EA extends Take-Two takeover offer to Aug. 18
Joystiq - July 21, 2008
Submitted by oznerol (1) at 9:23AM PST on July 21, 2008
With another deadline in EA's takeover bid come and gone, the industry's #2 publisher isn't quitting and has reaffirmed it still wants to gobble up Take-Two by extending its $25.74 per share offer deadline to Aug 18. EA currently has only 15% of Take-Two's stock, which translates to 11,741,339 shares. Obviously, EA needs over half the shares to complete the takeover.
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