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Technology Stocks : shopping.com (IBUY)

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To: Arcane Lore who wrote (372)	2/16/1999 8:25:00 AM
From: Arcane Lore	Read Replies (2) of 435

Compaq Announces Successful Tender Offer For Shopping.com Acquisition HOUSTON--(BUSINESS WIRE)--Feb. 16, 1999--Compaq Computer Corporation (NYSE:CPQ) today announced that 9,935,449 shares, or approximately 95.91 percent of the outstanding shares of common stock of Shopping.com (OTC:IBUY), were tendered for $18.25 per share in cash in response to Compaq's tender offer which closed on February 12, 1999, based upon a preliminary count by U.S. Stock Transfer Corporation, the depositary. The shares (which include 447,014 shares subject to guarantees of delivery or receipt of additional documentation) will be purchased in accordance with the terms of the offer. ... Pursuant to the Merger, any shares of Shopping.com common stock not tendered and purchased pursuant to the tender offer or otherwise owned by Compaq will be converted into the right to receive $18.25 per share in cash. ... The full CPQ news release can be found at: fast.quote.com

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