Take-Two Interactive Software (TTWO) says its board of directors rejected an unsolicited proposal from Electronic Arts (ERTS) to acquire TTWO for $26.00 per share in cash, calling the proposal "inadequate in multiple respects and not in the best interests" of stockholders.
Ambac Financial Group (ABK) rises after S&P Ratings Services affirms the 'AAA' financial strength rating on ABK, which remains on CreditWatch with negative implication. In addition, S&P Ratings said the 'AAA' financial strength rating on MBIA (MBI) was removed from CreditWatch and a negative outlook was assigned.
