GamePolitics: Did anyone notice that Take-Two closed at $25.14, or sixty cents under EA's current (and apparently endlessly renewable) $25.74 tender offer?
By our count it's at least the second time that TTWO has closed below the tender price in the past week, admittedly a rocky one for Wall Street. It seems kind of strange, since EA will buy all the TTWO you care to sell them at 25.74. Why would anyone sell below that price?
For interpretation, GamePolitics turns to Wedbush-Morgan super-analyst Michael Pachter.