Take-Two Interactive Shares Plunge 25% after Electronic Arts Rescinds $2B Buyout Offer, Article Posted on BeaconEquity.com
The video game behemoth Electronics Arts Inc. (ERTS) announced Sunday it is rescinding its offer to buy Take-Two Interactive Software (TTWO) for $25.76 per share.
(EMAILWIRE.COM, September 15, 2008 ) DALLAS, Texas - BeaconEquity.com announces the publication of ‘Take-Two Interactive Shares Plunge 25% after Electronic Arts Rescinds $2B Buyout Offer’
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Take-Two Interactive Shares Plunge 25% after Electronic Arts Rescinds $2B Buyout Offer
"The video game behemoth Electronics Arts Inc. (ERTS) announced Sunday it is rescinding its offer to buy Take-Two Interactive Software (TTWO) for $25.76 per share. Initially, Take-Two had refused the bid as too low, but agreed to continue talks with Electronic Arts while the Federal Trade Commission cleared the proposed transaction…
"Management of Electronics Arts did not cite detailed or specific reasons for the pullout, saying only that, ‘EA has decided not to make a proposal to acquire Take-Two and has terminated discussions with Take-Two.’…
"In early Monday trading, shares of Take-Two plunged $5.58 at $16.31, below the price of $17.36 in February, before Electronics Arts announced its bid. Shares of Electronics Arts were down $1.02 to trade at $43.97…"
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BeaconEquity.com is one of the industry’s largest small cap research providers. Beacon strives to provide a balanced view of many promising small cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the publicly available information available on them. For more information on Beacon Research, please visit: http://www.beaconequity.com/m
Source: BeaconEquity.com
Beacon Equity Research
Jeff Bishop, (469)-252-3505
press@beaconequity.com
Investors can view all of the investment articles for free by visiting:
http://www.beaconequity.com/m - Click on News and Commentary
Take-Two Interactive Shares Plunge 25% after Electronic Arts Rescinds $2B Buyout Offer
"The video game behemoth Electronics Arts Inc. (ERTS) announced Sunday it is rescinding its offer to buy Take-Two Interactive Software (TTWO) for $25.76 per share. Initially, Take-Two had refused the bid as too low, but agreed to continue talks with Electronic Arts while the Federal Trade Commission cleared the proposed transaction…
"Management of Electronics Arts did not cite detailed or specific reasons for the pullout, saying only that, ‘EA has decided not to make a proposal to acquire Take-Two and has terminated discussions with Take-Two.’…
"In early Monday trading, shares of Take-Two plunged $5.58 at $16.31, below the price of $17.36 in February, before Electronics Arts announced its bid. Shares of Electronics Arts were down $1.02 to trade at $43.97…"
To read the entire article visit http://www.beaconequity.com/m – Click on News and Commentary
Join the fastest growing investor community at:
http://www.stockhideout.com/
BeaconEquity.com’s Market News is one of the fastest growing small cap blogs in the investment community. Beacon is the authority on research in the small cap sector, and our analysts strive each day to find the stocks that are poised to be the biggest movers before the rest of the market is aware of them.
We encourage investors to subscribe to our FREE newsletter filled with daily trading ideas by visiting: http://www.beaconequity.com/m
BeaconEquity.com is one of the industry’s largest small cap research providers. Beacon strives to provide a balanced view of many promising small cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the publicly available information available on them. For more information on Beacon Research, please visit: http://www.beaconequity.com/m
Source: BeaconEquity.com
Beacon Equity Research
Jeff Bishop, (469)-252-3505
press@beaconequity.com
Contact Information:
Beacon Equity Research
Jeff Bishop
Tel: (469)-252-3505
Email us
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Beacon Equity Research
Jeff Bishop
Tel: (469)-252-3505
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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