Take-Two receives no stake-holder proposals ahead of AGM

By Patrick Garratt, Wednesday, 16 April 2008 15:10 GMT

Take-Two’s just announced that it has received no stake-holder proposals ahead of its AGM tomorrow. Bet EA’s thrilled. From here:

Take-Two Interactive Software Inc., which publishes and distributes “Grand Theft Auto” and other popular video games, said Wednesday that it did not receive any shareholder proposals for consideration at its annual meeting.

Take-Two is attempting to fend off a $2 billion hostile bid by Electronic Arts Inc., the world’s biggest video game publisher. EA’s $26 per share cash tender offer for the company expires on Friday.

Take-Two has said it is open to a sale but it wants a higher price and a few weeks’ delay until the latest installment of GTA goes on sale on April 29.

Take-Two’s annual meeting will be held in New York on Thursday. Shareholders of record as of Feb. 19 will be admitted.

Shares of Take-Two fell 17 cents to $26.07 in morning trading.

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