Electronic Arts, Inc (ERTS)EA allows Take Two bid to expiremcvuk - August 18, 2008
Submitted by mrahaju (9)
at 8:18PM PST on August 18, 2008
EA will allow its latest offer for Take Two to expire tonight after Electronic Arts accepted Take Two’s offer of a management presentation to its suitor containing non-public information.
EA concluded that any proposed acquistion could not be completed before the holiday season, so they require due diligence to support a transaction and are therefore letting the tender offer expire tonight.
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