Securities Law Prof Blog

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

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Thursday, March 13, 2008

Electronic Arts Plans Tender Offer for Take-Two

Electronic Arts plans a tender offer for all shares of Take-Two at $26.  Take-Two's board previously rejected its unsolicited bid for the same price, which at that time was a 50% premium over the market price, and described the offer as too low and ill-timed.  Take-Two is the publisher of Grand Theft Auto.  WSJ, EA's Take-Two Saga Turns Hostile.

http://lawprofessors.typepad.com/securities/2008/03/electronic-arts.html

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