Interplay is calling a special shareholder meeting to discuss Titus' plans to purchase more shares. The shareholder's meeting will examine Titus' offer to purchase an additional 719,424 share of Interplay for $20 million. The offer stems from a deal made in April in which Titus gave Interplay $20 million, cash that Interplay could either pay back with interest or allow Titus to convert into shares in May. Interplay's special meeting will also discuss the election of new directors and the appointment of an independent auditor.
