Take-Two Interactive, Inc. (TTWO)Take-Two Urges Shareholders Not to Sell1up.com - March 14, 2008
Submitted by CrAzZyYmAn (606)
at 7:48PM PST on March 14, 2008
Yesterday, Electronic Arts put down the NERF bats and picked up sledge hammers -- in circumventing Take-Two's executives, EA initiated a hostile takeover by presenting a $2 billion offer to the company's shareholders themselves, offering $26 per share. Today Gamasutra reports that Take-Two is urging its shareholders not to sell, at least long enough for executives to review the fairness of the offer in full.
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Different source but this is the same news as here.