EA extends offer deadline for Take Two

Posted May 19th, 2008 at 5:34 am

The news that was alluded to for today regarding the EA offer for Take Two is that the deadline has been extended yet again. It now is set to expire on June 16th. The actual offer has not changed and still sits at $25.74, the same value (2 billion) as it has been since it was initially revealed back in February. Unfortunately there is no indication of movement one way or the other and the uncertainty will continue for the time being. As of close on Friday over 6.2 million shares had been tendered.