Take-Two, med Strauss Zelnick i spidsen, har endnu en gang afvist det reviderede købstilbud og ny deadline (16. maj) fra Electronic Arts (EA), som Take-Two aktionærerne blev præsenteret for i forbindelse med seneste aktionærmøde i sidste uge. Zelnicks reaktion er dog på ingen måde overraskende, da der er lige over en uge til at GTA IV slippes løs. Når stormen har lagt sig efter den 29. april, vil de to firmaer med al sandsynlighed sætte sig ved forhandlingsbordet med en lidt anden tilgang til tingene.
New York, NY – April 18, 2008 – Take-Two Interactive Software, Inc. (NASDAQ:TTWO) today responded to Electronic Arts Inc.’s (NASDAQ:ERTS) announcement that it is extending its unsolicited conditional tender offer to acquire all of Take-Two’s outstanding shares. EA has reduced its previous offer of $26 per share of common stock to $25.74 per share in cash, as a result of Take-Two stockholders’ approval of amendments to the Company’s Incentive Stock Plan at the Take-Two’s Annual Meeting of Stockholders.
As reported by EA, only 6,432,787 of Take-Two’s outstanding shares, or approximately 8.3% of the total, tendered into EA’s offer as of 5:00 p.m. Eastern time on April 17, 2008.
“The minuscule number of shares tendered, as well as the strong vote in favor of the proposals presented at our annual meeting, offer indisputable evidence that our stockholders regard our efforts to enhance Take-Two’s stockholder value as superior to the EA offer,” said Strauss Zelnick, Chairman of the Board of Take-Two. “This is the same highly conditional proposal that EA offered Take-Two stockholders on March 13, 2008, which our Board of Directors thoroughly reviewed and unanimously determined to be inadequate and contrary to the best interests of Take-Two’s stockholders. Take-Two’s Board of Directors has maintained from the beginning, and continues to believe, that EA’s proposal undervalues our Company. It undervalued the company at $26 per share, and it certainly undervalues Take-Two at $25.74.”

























