Publisher Electronic Arts confirmed over the weekend that they have extended the offer period for the attempt, after the GTA publisher once again rejected their ovations.

The offer deadline has been extended from April 11th to April 18th - cunningly positioning the offer to expire a day after Take-Two's annual meeting with shareholders. Some shareholders are of course applying pressure on their board to accept EA's offer.

EA also modified their offer to "invalidate" Take-Two's recent preferred stock purchase rights issue, the "poison pill" a potential stumbling block in the take-over attempt.

"The actions of the Take-Two Board may increase the risk for their stockholders by delaying a potential transaction," responded to Take-Two's latest rejection.

"We continue to believe that our $26 per share offer price is full and fair, and that a transaction between Take-Two and EA is the most compelling combination financially, strategically and operationally for all parties."

EA's offer of 26 USD per share values Take-Two at 2 billion USD.

By Luke Guttridge

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