Take-Two Issues More Stock

Take-Two Interactive Software has filed a registration statement with the Securities and Exchange Commission for a proposed secondary public offering of 5 million shares of its common stock. Of those shares, 3.5 million will be newly issued, while the remaining will be sold by the company's stockholders and come from pre-existing shares.

Take-Two says that this offering has not yet become effective. "These securities may not be sold nor may offers to buy be accepted prior to such time as the registration statement becomes effective," Take-Two said in a statement.