Cohen's SAC Capital Accumulates 5.3% Stake In Takeover Target Take-Two Interactive (TTWO)

In a pretty standard disclosure, SAC Capital did not make any direct requests on Take-Two, but said they will monitor their investment and may enter discussions with management, the Board of Directors or others.
SAC Capital paid approximately $107,576,865 of investment capital to purchase the 4,099,540 shares of Take-Two (about $26.24 per share).
Take-Two Interactive has been fighting a $26/share unsolicted takeover offer from Electronic Arts (NASDAQ: ERTS) since March.
Labels: SAC Capital, Steven A. Cohen, Take-Two Interactive Software, TTWO
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