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Technology Stocks : DoubleClick Inc (DCLK)

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To: Nelson Chang who wrote (2285)	6/14/1999 6:14:00 AM
From: puborectalis	Read Replies (1) of 2902

RIGHT ON....ML rates ABDR an outright buy with a 1:1 rating. Posted at 12:52 a.m. PDT Monday, June 14, 1999 DoubleClick Merging With Abacus NEW YORK (Reuters) - Web advertising company DoubleClick Inc. said it is merging with marketer Abacus Direct Corp., in a stock deal valued at $1 billion, the Wall Street Journal reported Monday. The deal is expected to be announced Monday, the paper said in its electronic edition. Under the proposed pact, DoubleClick will issue 1.05 shares of its common stock for each share of Abacus stock, the paper said. Abacus shareholders will own 20.5 percent of the combined company, to be called DoubleClick.

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