Take-Two recommended that its shareholders reject Electronic Arts’ $26/share purchase, with Take-Two chairman Strauss Zelnick citing…
“With one of the strongest portfolios of intellectual property in our business, a superb creative and business team, and a revitalization plan that is beginning to deliver results, Take-Two is uniquely positioned to create stockholder value in an industry that […]
Circuit City has executed 316 turnaround plans (slight exaggeration) in the last several years. And some investors think the electronics retailer is due for another one.
Wattles Capital Management, D.E. Shaw, and HBK Investments have increased their ownership in Circuit City and are campaigning for serious change.
What change exactly?…
“I haven’t talked to a single shareholder who didn’t agree there needs […]
I have had some time to ruminate over Take-Two chairman Strauss Zelnick’s public statement, turning down Electronic Arts’ $26 per share bid.
His statement was as follows:
“Electronic Arts’ proposal provides insufficient value to our shareholders and comes at absolutely the wrong time given the crucial initiatives under way at the company.”
What does “the wrong time” mean? Is […]
Another potential major proxy fight on our hands? Perhaps.
Take-Two’s chairman Strauss Zelnick proudly declared yesterday, “Electronic Arts’ proposal provides insufficient value to our shareholders and comes at absolutely the wrong time given the crucial initiatives under way at the company.” $26 per share is not enough. In other words, Strauss must think the entire stock […]
