Take-Two Interactive has announced it will be providing a live webcast of its upcoming Annual Stockholder Meeting.
The webcast will be listen-only, providing just the audio portion of the meeting, and does not constitute meeting attendance for legal purposes; stockholders who wish to vote at the meeting must attend in person or authorize a valid proxy. Physical space limitations mean that only stockholders of record who can show proof of ownership will be admitted to the meeting, being held at the W Hotel Union Square in New York City.
The meeting is noteworthy because of the ongoing struggle between Take-Two and Electronic Arts, which is attempting a takeover of the company. While Take-Two management has refused negotiations on the matter until after the release of Grand Theft Auto IV, set for the end of April, some shareholders have expressed dissatisfaction with that decision. The two largest Take-Two stockholders, Oppenheimer Funds and FMR LLC, dramatically cut their holdings in the company in March, a move which was widely seen as weakening Take-Two's stance against the acquisition.
Take-Two's Annual Stockholder Meeting will take place at 6:30 p.m. EST on April 17. For access to the webcast, visit Take-Two's investor relations site at ir.take2games.com.