News
Take 2 Board: No alternative to sale
Lisa Foster Mar 27 2007, 9:45am
Sell-off of US publisher expected to be agreed by shareholders.
An acquisition of Take 2 looks increasingly likely following a statement by the US publisher pointing out that an alternative course of action has yet to be found.
That statement comes ahead of its AGM on Thursday (March 29th) - which had been postponed for just under a week while the Board of Directors investigated the company's future strategy. The Board just last week urged shareholders to consider their options before any sales was agreed.
However, an alternative to a sell-out now looks unlikely, with the statement yesterday offering: "The Board of Directors now believes that it is unlikely to present alternative courses of action prior to the annual meeting... The company is continuing to have discussions with representatives of the shareholder group."
