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Take-Two settles shareholder lawsuit over EA bid refusal

taketwologo

Take-Two has settled a shareholder lawsuit over turning down EA's offer to buy a controlling stake in the company.

Filed by Prickett, Jones & Elliott for shareholder Patrick Solomon during March of last year, Solomon sued over Take-Two refusing to accept the $26 per share offer.

No money changed hands, only an agreement granting Soloman additional disclosure.

Take-Two plans to fight any reimbursement of fees and legal expenses should Soloman decide to file for it.

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Stephany Nunneley-Jackson

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Stephany is VG247’s News Editor, with 22 years experience (with 15 of them at VG247). With a brain that lacks adhesive ducks, the ill-tempered, chaotic neutral fembot does her best to bring you the most interesting gaming news. She is also unofficially the site’s Lord of the Rings/Elder Scrolls Editor.

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