Take-Two Splits 3 for 2

It will be effected as a 50% stock dividend to be distributed in April.
By TSC Staff ,

Take-Two Interactive Software

(TTWO) - Get Report

on Thursday announced that its board of directors has approved a 3-for-2 split of its common stock.

According to the New York-based company, the stock split will be effected in the form of a 50% stock dividend to be distributed on April 11, 2005, to stockholders of record on March 28, 2005. Cash will be paid in lieu of any fractional shares.

Earlier in the month, Take Two, which publishes interactive games software,

topped Wall Street's earnings estimates for its first quarter but predicted worse-than-expected results in coming periods.

Shares of the company closed the regular session up 35 cents to $40.10; after hours, shares recently rose 15 cents to $40.25.

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