Take-Two Interactive's 1.75% notes may be converted by March 31

By Tali Rackner

Norfolk, Va., Feb. 6 – Take-Two Interactive Software, Inc. holders may convert their 1.75% convertible notes through March 31, according to a 10-Q filing with the Securities and Exchange Commission.

The notes became convertible on Jan. 1 because the company's shares topped 130% of the conversion price per share for at least 20 out of the 30 consecutive trading days ended Dec 31.

Given the option, the company plans to settle any conversions in shares of common stock.

The company's stock (Nasdaq: TTWO) was at $28.77 at the time of production on Friday.

Take-Two is a New York City-based interactive entertainment software company.

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