Take-Two rises after Embracer's secondary offering priced

Embracer AB

12/06/2024 15:18

** Take-Two Interactive Software's  TTWO.O  shares up 0.8%
at $159.85 on Weds after secondary offering by Embracer Group AB
 EMBRACb.ST 
    ** Videogame publisher early Weds announces Sweden's
Embracer offloaded ~2.83 mln shares in offering priced at
$154.50
    ** TTWO shares had fallen past 4 sessions, closed at $158.51
on Tues 
    ** Shares were issued to Embracer on Tues in connection with
closing of TTWO's $460 mln acquisition of 'Borderlands' maker
Gearbox Entertainment announced in late Mar
    ** Goldman Sachs  GS.N  sole underwriter for offering
    ** With move on the session, TTWO shares up ~8% since
end-Mar and up ~17% over the past 12 months 

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))