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Take-Two Interactive, Inc. (TTWO)
Big Take Two Shareholders Bailing Out
Big Take Two Shareholders Bailing Out
Kotaku - March 10, 2008
Submitted by Animate (241) at 9:25PM PST on March 10, 2008
"2 of T2's biggest investors, Oppenheimer Funds & FMR LLC, drastically cut their shares, a sign of "shareholder unrest" that could be bad news for management." Oppenheimer cut its stake by half, FMR LLC 14.75% ownership of the company down to 2.75%. Neither firm gave reason. Michael Pachter says a shareholder holdout for better buyout terms may be out of the question, now that 2 of the bigger owners are bailing out. T2 is to announce quarterly earning on Tuesday, so we'll see what happens soon."
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19Animate posted on Take-Two Interactive, Inc. (TTWO) at 9:25PM PST on March 10, 2008. Article: Big Take Two Shareholders Bailing Out"2 of T2's biggest investors, Oppenheimer Funds & FMR LLC, drastically cut their shares, a sign of "shareholder unrest" that could be bad news for management." Oppenheimer cut its stake by half, FMR LLC 14.75% ownership of the company down to 2.75%. Neither firm gave reason. Michael Pachter says a shareholder holdout for better buyout terms may be out of the question, now that 2 of the bigger owners are bailing out. T2 is to announce quarterly earning on Tuesday, so we'll see what happens soon."[ Oracle ] [ Level 26 ] [ Rank: 241 ]
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