EA/Take-Two Deadline Extended Again [Jun 17, 2008, 09:29 am ET] – Share – Viewing Comments
EA-Take Two
deadline passes on MCV reminds us that yesterday was the second deadline for
EA's takeover bid for Take-Two Interactive, which once again passed without
incident. Undeterred,
this press release
(thanks Gamer's Hell) announces EA has extended their offer for another month, until
July 18, and contrary to some indications, they have not chosen to sweeten the
offer at all. Take-Two has not wasted any time in reacting, issuing
this response,
saying this continues to undervalue their company, as evidenced by the number of
shares EA has so far collected under the offer, approximately 7.9%, more than a
little short of a controlling interest.
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