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Take-Two Creates Takeover Severance Plan

Stock quotes in this article: TTWO , ERTS , THQI  

SAN FRANCISCO -- Little progress has been made since video-games publisher Take-Two Interactive(TTWO Quote) rejected a $2 billion unsolicited bid from its larger rival Electronic Arts(ERTS Quote).

But that doesn't mean Take-Two isn't working to protect its interests in case a hostile takeover succeeds.

Take-Two, producer of the blockbuster Grand Theft Auto games franchise, has put into place an employee severance plan that kicks in case of a "change in control, " according to a company filing with the Securities and Exchange Commission. ...

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