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In a statement released this afternoon, Electronic Arts Inc. stated that it has proposed an offer of $2 billion to buy Take-Two Interactive Software, Inc. According to EA, the offer "of $26 per share in cash represents a premium of 64 percent over Take-Two’s closing stock price on Feb. 15th, the last trading day before EA sent its revised proposal to Take-Two, and a 63 percent premium over Take-Two’s 30-day trailing average price over the thirty trading days ending on that date." Take-Two's stock closed the week at $17.36.
http://news.teamxbox.com/xbox/15790/EA-Offers-2B-for-TakeTwo-Interactive/
Take Two Interactive = 2K Games
Source: TeamXbox
In a statement released this afternoon, Electronic Arts Inc. stated that it has proposed an offer of $2 billion to buy Take-Two Interactive Software, Inc. According to EA, the offer "of $26 per share in cash represents a premium of 64 percent over Take-Two’s closing stock price on Feb. 15th, the last trading day before EA sent its revised proposal to Take-Two, and a 63 percent premium over Take-Two’s 30-day trailing average price over the thirty trading days ending on that date." Take-Two's stock closed the week at $17.36.
http://news.teamxbox.com/xbox/15790/EA-Offers-2B-for-TakeTwo-Interactive/
Take Two Interactive = 2K Games
Source: TeamXbox