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EA Extends Take 2 Buyout Deadline Despite T2's Public Spurn > |
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2008/03/28 9:53:32: Posted by DM |
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Despite Take Two's official rejection of EA's buyout offer, EA has graciously extended their offer timeline for another week. EA has also accused Take Two of creating a "poison plll," a term used to describe a company's actions to disrupt a hostile takeover. Apparently Take Two has called for the establishment of a Stockholders Rights Amendment, which would help to stop EA in its tracks. EA has now added a condition to their offer which would invalidate the rights amendment should EA acquire T2, and EA has also extended their deadline on the offer until April 11th, 2008, 11:59PM EDT. EA sounds serious here, we could be witnessing a hostile takeover, folks.
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