Take-Two (TTWO +2.7%) rallies after canceling investor meetings scheduled for today; the company...

|About: Take-Two Interactive Softwa... (TTWO)|By:, SA News Editor

Take-Two (TTWO +2.7%) rallies after canceling investor meetings scheduled for today; the company says it isn't due to news about products or financial results. Wedbush thinks the game developer (12%-owned by Carl Icahn) could announce a redemption of convertible notes, and thereby remove 12.9M shares from its diluted count. Rival Electronic Arts (EA +1.2%) is also higher on a down day, after unleashing a torrent of game announcements at yesterday's E3 event.