Take-Two’s share have dropped 5.1 percent this morning, following news that EA has officially walked away from buyout negotiations with the firm.
“It boils down to price negotiations and the two companies not being able to come to terms,” said Arvind Bhatia, a Dallas- based analyst with Sterne Agee & Leach Inc. “Take-Two shares will likely trade back to the levels they were before EA’s bid.”
Short! This does now constitute advice. More on Bloomberg.