A little less than two weeks after Electronic Arts offered Take-Two Interactive stockholders $2 billion in a hostile takeover bid, Take-Two's board unanimously urged shareholders to reject the unsolicited proposal Wednesday morning. Take-Two's board said the $26 per share price is "inadequate" and "contrary to the best interests of Take-Two's stockholders."
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A little less than two weeks after Electronic Arts offered Take-Two Interactive stockholders $2 billion in a hostile takeover bid, Take-Two's board unanimously urged shareholders to reject the unsolicited proposal Wednesday morning. Take-Two's board said the $26 per share price is "inadequate" and "contrary to the best interests of Take-Two's stockholders."
