Take-Two Proxy Battle on Tap

With its annual shareholder meeting just about a week away, video-game publisher Take-Two(TTWO Quote) is likely to see a regime change.

Take-Two is facing a revolt by a large bloc of shareholders comprising OppenheimerFunds, D.E. Shaw Valence Portfolios, S.A.C. Capital Management and Tudor Investment. Together the group is gunning for a change in the CEO and the board of directors.

And the shareholders are likely to succeed in their efforts, say corporate governance experts. ...