EA just tendered an offer for Take-Two stock at $26 a share. This is basically a hostile take-over — rather than hashing out a deal, they’re convincing shareholders to dump their stock for a bit over official asking price (the shares closed at $24.91 last night). This is a bold move by EA and most probably Take-Two will be in enemy hands by sundown.
Offer to Purchase for Cash All Outstanding Shares of Common Stock of Take-Two Interactive Software, Inc. at $26.00 Net Per Share by EA08 Acquisition Corp., a wholly-owned subsidiary of Electronic Arts Inc.
THE OFFER AND WITHDRAWAL RIGHTS EXPIRE AT 12:00 MIDNIGHT,NEW YORK CITY TIME, ON FRIDAY, APRIL 11, 2008, UNLESS THE OFFER IS EXTENDED.
Notice the offer is on eatake2.com. Looks like somebody visited GoDaddy!
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