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Analyst Colin Sebastian: expect more Take-Two buyout news on Monday |
Listed in: PS3, Wii, PSP, Xbox 360, Nintendo DS, PC Gaming Tags: Colin Sebastian, Electronic Arts, Lazard Capital, Take-Two Interactive
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Based on market dynamics, Colin Sebastian of Lazard Capital suspects that something new will turn up in relation to Electronic Arts proposal to acquire Take-Two Interactive.
The analyst stated that an update was especially forthcoming by Monday, and that those who've got the moolah to ride the acquisition bandwagon might do well to get some stock. He also said:
We continue to believe that the current offer of $25.74 per share would be accretive to earnings for Electronic Arts, as well as fill several meaningful product gaps.
At the current price point, we don't expect Take-Two Interactive bowing down yet. But if the recent loan - funds collected just for the acquisition of Take-Two - the publisher has gained is any force to be reckoned with, we might see a new offer Take-Two might consider. More on that as we get updates.
Via Videogaming247
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