EA extends Take-Two offer
From Times Wire Services
Electronic Arts Inc. extended its $2-billion tender offer for Take-Two Interactive Software Inc. until July 18 as the Federal Trade Commission continues a review of the proposed purchase.
The offer price is unchanged at $25.74 a share, and the takeover bid may be extended further, Redwood City, Calif.-based EA said. New York-based Take-Two again urged shareholders to reject the bid and said alternatives were still being considered.
