“The purposes of the Board's actions are to provide additional time to review the proposed actions of the shareholder group and also to evaluate alternative courses of actions that could potentially be presented to the shareholders, including a possible sale of the company,” says a Take Two statement.
“An additional objective of the Board is that shareholders, including the shareholder group, not take any action that would preclude an evaluation of any alternative that the company might develop and that could potentially be presented to shareholders. There is no assurance that any specific alternative proposal will be forthcoming.”
Which, in plain English, means that Take 2 is urging its shareholders to consider their options carefully before any sale goes ahead.
The news follows current Rockstar COO Gary Dale being tipped as the next global boss of Take 2 as part of the expected top-level shake-up.