Take-Two Rebuffs EA

Take-Two Interactive Software Board Rejects Electronic Arts' Offer as Inadequate has the latest news in EA's attempted hostile takeover of Take-Two. The board is recommending to shareholders that EA's $26/share offer be rejected, but of course, if they didn't it would not be a hostile takeover. The board also adopted a number of measures, some of which are presumably related to this proposed deal. Here's a bit on their plans going forward:
The Board also confirmed that it will explore alternatives to maximize value for stockholders, which may include a business combination with third parties or with EA, remaining independent, or other strategic or financial alternatives that could deliver higher stockholder value than the current EA offer. The Board has commenced a process for considering strategic alternatives in order to be prepared to engage in discussions with any parties, including EA, interested in a strategic business combination following Take-Two’s release of Grand Theft Auto IV, scheduled for April 29, 2008.
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Re: ViRGE
Mar 27, 2008, 07:13
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Re: ViRGE Mar 27, 2008, 07:13
Mar 27, 2008, 07:13
 
ViRGE youre an EA suit, right? Or you own EA shares?

If youre not then WTF is up with you? Is your head stuck up your ass? Did you even follow the link Blue posted?

GTA4 is the HOTTEST IP in the console industry right now it would be so "bad business" to sell before its out!

I have a nifty blue line!
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