The deadline set by Electronic Arts (EA) for Take-Two's shareholders to accept a deal to buyout the company has passed without a deal taking place.EA set the deadline to last Friday following an initial rejected bid from Take-Two. No information was released from either party so far.
"One reason for the shareholders reluctance may be the present stock-price of Take-Two - at $27.10 it's over 5% more than EA's offer. Shareholders may be waiting for EA to come up with a better offer".
No comments:
Post a Comment