Zelnick: EA "undervalues Take-Two"

Take-Two has responded to EA's latest tender offer of $25.74 per share, down from the original offer of $26 per share.

"The minuscule number of shares tendered, as well as the strong vote in favor of the proposals presented at our annual meeting, offer indisputable evidence that our stockholders regard our efforts to enhance Take-Two's stockholder value as superior to the EA offer," said Strauss Zelnick, Chairman of the Board of Take-Two. "Take-Two's Board of Directors has maintained from the beginning, and continues to believe, that EA's proposal undervalues our Company. It undervalued the company at $26 per share, and it certainly undervalues Take-Two at $25.74."

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ikiru33853774d ago

heck yeah! you tell em, Take 2!

Storm233774d ago

Yeah! F*ck you EA!!!!!!!

After the release of GTA, it will go up more.

replikka3774d ago

i wish EA just leave take 2 alone. if it wasnt for gta then they wouldnt be pesting them like that. anything EA touches gets really effed up. i dont buy anything that has EA on it. i feel sorry for the next mass effect

ikiru33853774d ago

yeah, since i love bioware games. :-(