EA Extends Tender Offer For Take Two For Fifth Time
By
Wolfgang Gruener,
published on July 21, 2008 at 6:10 PM
Source: Tom's Guide US | Keywords: Electronic, Arts, EA, Take, Two | Themes: Business
Source: Tom's Guide US | Keywords: Electronic, Arts, EA, Take, Two | Themes: Business
Syndication:
Electronic Arts once again has extended its tender offer for all of the currently outstanding shares of Take Two common stock. The extension was previously set to expire at 11:59 pm EDT on July 18, 2008 and was extended today until to 11:59 pm EDT on August 18, 2008.
As of last Friday, 11,741,339 Take Two shares valued at about $295 million had been tendered in and not withdrawn from the tender offer.
EA previously offered to acquire Take Two for $2 billion.
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