EA extends Take-Two Offer...Again
Category: GamingPosted: May 19, 2008 11:00AM
Author: ClayMeow
As many of you are probably aware, Electronic Arts (ERTS) has been attempting to purchase Take-Two Interactive (TTWO) for several months now. After an initial bid of $26/share was rejected by Take-Two's board, EA attempted a hostile takeover by offering the same $26/share directly to shareholders. Only a very small percentage of shareholders actually bit, however, and EA extended its offer to Take-Two until mid-April, but lowered the price to $25.74/share. When that bid expired, EA extended the offer until mid-May, and now, as the mid-May deadline has passed, EA has once again extended the offer until mid-June. You'd think EA would get the message by now.
