Six men on the Take-Two Interactive Software board of directors have acquired more shares today in what looks to be a tactic to strengthen their defense against the ongoing hostile takeover that is being attempted by Electronic Arts. With EA attempting to buy stock directly from shareholders in order to gain control of the company, this new move by Take-Two may prove worthwhile in the future.
Michael Sheresky, Michael Dornemann, Jon J. Moses, Grover C. Brown, Robert A. Bowman and John F. Levy are the six men that have upped their shares today equally, each of them adding 1623. After adding the new shares, Sheresky holds 9855, Dornemann holds 9855, Moses holds 10741, Brown holds 15955, Levy holds 15855 and Bowman holds 9855.