Rebounds Slightly in After Hours Trading
Suddenly, that buyout offer Electronic Arts offered to Take Two Interactive may be the rosier option if you’re a T2 investor.
Today T2 stock closed officially at $25.79 a share–a two and a half percent drop and just five cents a share above Electronic Arts’s current offer to the company. You may remember EA’s initial offer was $26 a share. The stock closed under that mark.
T2 stock managed to rebound slightly in after hours trading, to $25.90. That’s still below EA’s original offer, however.
There’s no real clear reason for such a decline. In contrast, Electronic Arts stock closed up slightly on the day. This could get interesting.