The ongoing tango between EA and Take-Two may come to an end on Monday according to Lazard Capital analyst Colin Sebastian. The current bid is set to expire tomorrow and T2 is citing that $25.74/share is far too low. T2’s stock closed at $26.97 yesterday and has been hovering above $26/share since mid-April.
“Expect update on TTWO bid by Monday morning,” he said. “We continue to believe that the current offer of $25.74 per share would be accretive to earnings for Electronic Arts, as well as fill several meaningful product gaps.”