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Option update: Take-Two volatility flat into ERTS $2 billion all cash offer

Posted Feb 25th 2008 8:50AM by Paul FosterPaul Foster RSS Feed
Filed under: Electronic Arts (ERTS), Options

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Take-Two Interactive (NASDAQ: TTWO) is recently up $7.64 to $25.

Electronic Arts (NASDAQ: ERTS) made an offer of $26 a share for TTWO, a publisher of Grand Theft Auto videogames.

Cowen says: "Because of the potential accretion of the deal to ERTS, we believe there is a good chance that the deal could get done at a higher price than the current offer."

TTWO overall option implied volatility of 70 is near its 26-week average of 68 according to Track Data, suggesting non-directional price movement.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Tags: electronic arts, ElectronicArts, erts, take two interactive, TakeTwoInteractive, ttwo

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Last updated: November 26, 2009: 03:32 AM

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