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| EA extends tender offer for Take Two for the fifth time |
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| Business and Law | ||||||
| By Wolfgang Gruener | ||||||
| Monday, July 21, 2008 11:44 | ||||||
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Electronic Arts once again has extended its tender offer for all of the currently outstanding shares of Take Two common stock. The extension was previously set to expire at 11:59 pm EDT on July 18, 2008 and was extended today until to 11:59 pm EDT on August 18, 2008.
As of last Friday, 11,741,339 Take Two shares valued at about $295 million had been tendered in and not withdrawn from the tender offer. EA previously offered to acquire Take Two for $2 billion.
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