PITTSBURGH, PA / ACCESSWIRE / April 13, 2022 / Law Office of Alfred G. Yates Jr. PC announces that it is investigating Take-Two Interactive Software, Inc. ("Take-Two") (NASDAQ:TTWO) on behalf of the company's shareholders.
On January 10, 2022, Take-Two announced that it had entered into an agreement to acquire Zynga in a cash and stock transaction valued at $9.86 per Zynga share. In connection with the proposed transaction, Take-Two has disclosed that it expects to issue between 50.3 million - 58.5 million shares of common stock to Zynga stockholders who are, as a result, expected to own between 29.6% - 32.8% of the combined company. Following this announcement, shares of Take-Two's common stock declined $21.61 per share, or over 13% in value.
The investigation is focused on whether the members of Take-Two's Board of Directors violated the securities laws or breached their fiduciary duties in connection with the proposed transaction, and whether Take-Two shareholders are being provided with all material information needed to vote on the proposed transaction.
Take-Two shareholders are encouraged to contact attorney Alfred G. Yates Jr. by phone toll free at 1-844-391-5164 or by email at firstname.lastname@example.org.
Alfred G. Yates Jr., Esquire
Law Office of Alfred G. Yates Jr. PC
SOURCE: Law Office of Alfred G. Yates Jr., P.C.
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