Pachter: EA will raise Take-Two bid, it'll get rejected, merger will still happen
Wedbush Morgan analyst Michael Pachter expects EA will own Take-Two when this buyout saga comes to an end, but before that, there's a few more chapters to write. GameDaily reprints the analyst extraordinaire's latest commentary where he envisions EA will increase its bid by a "modest amount" and attempt a "friendly deal." Pachter surmises Take-Two will reject the offer, especially after it recently talked about working the Wall Street corner for other opportunities.
Pachter expects EA wants this deal done before this holiday, but that Take-Two management has an incentive to wait until after April 1, 2009, due to some stock finagling (remember, in the end, this is all about money). When all is said and done, though, Pachter believes EA will acquire Take-Two. He expects once EA walks away from the table after the next rejection, and it proves there are no other bidders salivating for Take-Two, that all parties will meet again and work something out.
