EA Extends, Lowers Take-Two Offer
extends Take-Two bid to May 16 (thanks Dagok) has word that after having
their $26/share offer rejected by the Take-Two board, they are playing hardball
by extending the offer deadline to May 16 and reducing the offer by 26
cents/share, perhaps thinking the original offer was turned down by 92% of the
Take-Two board because it was too high. Meanwhile,
Take-Two’s Managers Get a Raise (thanks Mike Martinez) has word on new salaries and
poison pills enacted at yesterday's board meeting that will need to be dealt if
this deal is ever to be consummated.
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