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Technology Stocks : Paul Allen's Wired World

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To: PatrickMark who wrote (257)	8/19/1999 1:40:00 AM
From: KLP	Read Replies (1) of 361

Hi All--I've just posted this on the Telescan site, and thought you might be interested as well.. Telescan gets antitrust OK for share sale siliconinvestor.com TSCN : TELESCAN INC (NASDAQ) All Headlines NBC Funds $25 Million Investment in Telescan after FTC Clearance 1.1 Million Shares Purchased at $22.50 Per Share HOUSTON, Aug. 18 /PRNewswire/ -- Telescan, Inc. (Nasdaq: TSCN) today announced that its $25 million common stock sale to NBC and GE Equity cleared the Federal Trade Commission's Hart-Scott Rodino Antitrust Improvements Act of 1976 review. NBC (NYSE: GE) consummated the agreement by funding the $25 million to Telescan for 1.1 million shares at $22.50 per share. This investment brings NBC's and GE Equity's stake in Telescan to 14.2 percent. NBC uses Telescan's proprietary technology, financial content and investment analytic tools within CNBC.com, its recently launched business and personal finance portal. siliconinvestor.com TSCN : TELESCAN INC (NASDAQ) All Headlines Telescan gets antitrust OK for share sale HOUSTON, Aug 18 (Reuters) - Telescan Inc. on Wednesday said that its proposed sale of $25 million in common stock to General Electric Co.(NYSE: GE) units NBC and GE Equity has received antitrust clearance. Telescan said the deal has been cleared the Federal Trade Commission's Hart-Scott Rodino Antitrust Improvements Act review, and that NBC has consummated the pact by providing $25 million to Telescan for 1.1 million shares at $22.50 a share. Shares of Telescan on Tuesday closed at 16 a share on Nasdaq, down from 20-5/8 on July 27, when the deal was first announced. The investment brings NBC's and GE Equity's stake in Telescan to 14.2 percent, up from 9.9 percent. NBC uses Telescan's proprietary technology, financial content and investment analytic tools within CNBC.com, its recently launched business and personal finance Web site.

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