Friday, 24 October 2014
Last updated 18 hours ago
Jun 26 2008 | 11:57am ET
Video games aren’t just for kids anymore. Stamford, Conn.-based SAC Capital Advisors yesterday disclosed a 5.3% stake in Take-Two Interactive Software, publisher of the hit Grand Theft Auto series.
The firm said it paid approximately $107 million for four million shares of the Take-Two’s common stock “for investment purposes… and not with the purpose or effect of changing or influencing the control or management of the Issuer.”
Take Two this month rejected rival Electronic Arts’ latest tender offer to acquire all of its outstanding shares because it “still significantly undervalues Take-Two, a fact that is reflected in the overwhelming number of stockholders who still have not tendered their shares," said Strauss Zelnick, chairman of the Board of Take-Two.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...