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EA's Take-Two takeover bid drags on
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<blockquote data-quote="The Feedster" data-source="post: 517544" data-attributes="member: 259515"><p>As <em>GTA4</em> sales continue to go through the roof, the latestdeadline for EA’s Take-Two take-over bid has passed.</p><p>EA set a midnight deadline last Friday for it’s latest offerof $1.9bn (£968m) which has still not been accepted by Take-Two’s shareholders.</p><p>Take-Two’s stock closed at $27.10 on the Nasdaq last week, considerablyhigher than the $25.74 per share currently being offered by EA. </p><p><strong>Take-Two stands firm</strong></p><p>"The market's probably suggesting that EA should comeup with a few more dollars and that may be a likely a scenario," ColinSebastian, an analyst with Lazard Capital Markets, told the BBC.</p><p>"It doesn't seem like shareholders would tender at$25.74 if the stock is trading at $27." </p><p>Neither company has yet responded to TechRadar’s requestsfor comment on the matter. Stay tuned for further updates as we get them.</p><p></p><p></p><p><a href="http://www.techradar.com/news/gaming/eas-take-two-takeover-bid-drags-on-369694" target="_blank">More...</a></p></blockquote><p></p>
[QUOTE="The Feedster, post: 517544, member: 259515"] As [I]GTA4[/I] sales continue to go through the roof, the latestdeadline for EA’s Take-Two take-over bid has passed. EA set a midnight deadline last Friday for it’s latest offerof $1.9bn (£968m) which has still not been accepted by Take-Two’s shareholders. Take-Two’s stock closed at $27.10 on the Nasdaq last week, considerablyhigher than the $25.74 per share currently being offered by EA. [B]Take-Two stands firm[/B] "The market's probably suggesting that EA should comeup with a few more dollars and that may be a likely a scenario," ColinSebastian, an analyst with Lazard Capital Markets, told the BBC. "It doesn't seem like shareholders would tender at$25.74 if the stock is trading at $27." Neither company has yet responded to TechRadar’s requestsfor comment on the matter. Stay tuned for further updates as we get them. [url=http://www.techradar.com/news/gaming/eas-take-two-takeover-bid-drags-on-369694]More...[/url] [/QUOTE]
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EA's Take-Two takeover bid drags on
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