TITLE

Electronic Arts Gags on 'Poison Pill'

AUTHOR(S)
Schachter, Ken
PUB. DATE
March 2008
SOURCE
Red Herring;3/28/2008, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Electronic Arts (EA) has maintained its takeover offer for Take-Two Interactive Software. EA argued that its $26 per share offer, which is a 64 percent premium over Take-Two's closing stock price, represents fair value. However, EA threatened to withdraw its offer if Take-Two does not drop its poison pill or shareholder rights program.
ACCESSION #
36876267

 

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