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Friday, May 24, 2024 | Back issues
Courthouse News Service Courthouse News Service

Take The Money, Shareholders Tell Take-Two

WILMINGTON, DEL. (CN) - Shareholders insist that directors of Take-Two Interactive Software accept an unsolicited, $26 per share, $2 billion buyout offer from Entertainment Arts. Take-Two directors are digging in and changing company policy to defeat the offer, which is 60 percent higher than the pre-offer market price of the shares, the derivative complaint states in Chancery Court.

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