An EA press release claims that it offered $26 per share for Take Two stock in a February 19th letter from EA CEO John Riccitiello (right) to T2 boss Strauss Zelnick (left). After Take Two management rejected EA’s offer, Riccitiello decided to appeal directly to T2 shareholders. The $26 offering price represents a better than 60% premium over recent T2 share prices.
Labec @ 2008-02-24 15:34:55
Take Two has posted this - just a few hours after the letter from John Riccitiello hit the net:
http://ir.take2games.com/ReleaseDetail.cfm?ReleaseID=295739
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