Monday, May 19th 2008
Game publisher Electronic Arts said it is extending its tender offer for Take-Two Interactive Software to to 11:59 p.m., New York City time, on Monday, June 16, 2008, unless further extended. This is the third extension in EA's buyout attempt, previous offer was set to expire on May 16, 2008. EA, which first proposed to Take-Two in late February this year, said despite the extension, it's current offer remains the same.
EA's offer price remains unchanged at $25.74 per share and our offer is still subject to conditions that include regulatory approval. As stated earlier, we retain the right to terminate the offer if the conditions are not satisfied.said Owen Mahoney, Senior Vice President of EA Corporate Development.Source: bit-tech.net