Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for Take-Two Interactive Software Inc. > News item |
Take-Two to settle any conversion of 4.375% notes to June 30 in stock
By Susanna Moon
Chicago, May 23 - Take-Two Interactive Software Inc. holders may convert their 4.375% convertible notes through June 30, and the company plans to settle any conversions in common shares.
The notes are convertible because the company's shares topped 130% of the conversion price of $10.675 per share for at least 20 out of the 30 consecutive trading days ended March 31, according to an 8-K filing with the Securities and Exchange Commission.
Upon conversion, the company may choose to settle the notes in cash, common shares or a combination of cash and shares.
The company's stock (Nasdaq: TTWO) closed at $11.16 on May 22.
Take-two is a New York City-based interactive entertainment software company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.