...consent solicitation: to replace the Take-Two board with new directors who would accept the Electronic Arts bid. Once Electronic Arts launches its consent solicitation, it could be only a matter of weeks until 50 percent of the shareholders agree to replace...
...instead appear to be opining that the price is inadequate not because it values Take-Two inappropriately but because Electronic Arts can afford to pay more. This seems a bit much in an inadequacy opinion — to not only presume these gains (as calculated by...
...Combat 6: Fires of Liberation (Namco Bandai Games America, Namco Bandai Games) Command and Conquer 3: Tiberium Wars (Electronic Arts, EA LA) Company of Heroes: Opposing Fronts (THQ, Relic) Supreme Commander (THQ, Gas Powered Games) World in Conflict (Vivendi...
...- Bethesda Softworks - $79 9) The Sims 2: Double Deluxe - Electronic Arts - $25 10) Command & Conquer: Red Alert 3 - Electronic Arts - $48 11) World Of Warcraft - Activision Blizzard - $20 12) Civilization IV: Colonization Expansion Pack - 2K Games - $29 13)...
...Arts said Monday that it had withdrawn its $2 billion tender offer to purchase its rival Take-Two Interactive, ending its five-month hostile takeover bid for the maker of the Grand Theft Auto video game franchise. Electronic Arts said it withdrew the offer...
...per share was inadequate," Take-Two said in the statement. The company will demonstrate "significant strides" made since Electronic Arts last reviewed the business in early 2007, Take-Two said. Take Two fell US$1.09, or 4.4 percent, to US$23.75 at 10:09 a.m....
...for the investor reaction to financial terms that can be viewed from vastly different perspectives. The $26 offer by Electronic Arts for Take-Two seems, on its face, to be a hefty premium over the $17.01 close of Take-Two's stock on Friday. But that premium...
...behind the "Grand Theft Auto" franchise, seemed to have little choice but to join industry giant Electronic Arts Inc. Electronic Arts pressed Take-Two shareholders to accept its unsolicited takeover bid of $2 billion. If successful, Electronic Arts' bid...
...it is biding its time. In normal times, a proxy contest (technically a consent solicitation) might not even be necessary. Electronic Arts could privately approach these 10 holders and obtain their consent. But here, the funds may want to stick with the board...
...Take-Two could provide a plain-vanilla presentation to Electronic Arts and then adopt a “just say no” strategy. However, Electronic Arts can come back in a few months, once the information has gone stale and after the Christmas season. With time, the spectacular...