Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

A Member of the Law Professor Blogs Network

Thursday, March 8, 2007

Take Two Investors Plan to Take Control

A group of Take Two investors, holding a total of 46% of shares, announced yesterday that it intends to take control of the company.  Take Two has been much in the news lately because of civil and criminal charges relating to stock option backdating and low profits. The investors include several hedge and mutual funds.  Take-Two issued a statement saying it was pleased that the investors recognized its value.  See NYTimes, Shareholders of Take-Two Plot a Revolt and WSJ, Take-Two Shareholders Are Plotting Board Battle.

http://lawprofessors.typepad.com/securities/2007/03/take_two_invest.html

News Stories | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef00d8354112e953ef

Listed below are links to weblogs that reference Take Two Investors Plan to Take Control:

Comments

Post a comment