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EA Looks to Take Take-Two
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Posted by Donster on: 2008-02-25 15:35:07 456
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Electronic Arts Inc. today (Sunday) announced that it has proposed to acquire Take-Two Interactive Software, Inc. in an all-cash merger valued at approximately $2.0 billion.
EA's proposal of $26 per share in cash represents a premium of 64 percent over Take-Two's closing stock price on Feb. 15th, the last trading day before EA sent its revised proposal to Take-Two, and a 63 percent premium over Take-Two's 30-day trailing average price over the thirty trading days ending on that date.
PRESS RELEASE
TAKE-TWO INTERACTIVE RESPONSE
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News Source: Email
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