Take-Two: EA's Extended Offer Still 'Inadequate'

**MIG-31** · May 19, 2008, 06:23 PM

Following the extension of EA's offer to acquire its rival publisher, executives from Take-Two have stood firm that the current proposal is still 'inadequate' and contrary to stockholders' best interests.

The deadline extension is the third from Electronic Arts, and will end June 16th. Despite calls from several analysts, Electronic Arts has failed to increase the offer, which remains at $25.74 per share – slightly less than that originally offered.
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Source: Gamasutra

May 19, 2008, 06:23 PM	#1
MIG-31 HardwareHeaven News Mod Join Date: Dec 2002 Location: Nottingham,UK Posts: 56,818 Rep Power: 471 System Specs	Take-Two: EA's Extended Offer Still 'Inadequate' Following the extension of EA's offer to acquire its rival publisher, executives from Take-Two have stood firm that the current proposal is still 'inadequate' and contrary to stockholders' best interests. The deadline extension is the third from Electronic Arts, and will end June 16th. Despite calls from several analysts, Electronic Arts has failed to increase the offer, which remains at $25.74 per share – slightly less than that originally offered. ____________ Source: Gamasutra __________________ Please Post Your News Submissions Here