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Strategies & Market Trends : Z Best Place to Talk Stocks
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To: Susan Saline who wrote (22983)4/10/2000 10:45:00 AM
From: Kelvin Taylor  Read Replies (1) of 53068
 
UBID: cheap backdoor to CMGI?

CMGI (CMGI: news, msgs), whose offer represents a 19 percent premium for shareholders of UBid.

The deal is expected to close in May, following shareholder and regulatory approvals.

Under the terms of the merger agreement, CMGI will issue 0.2628 CMGI shares for every share of UBid.com held on the closing date of the transaction. That's $31.67 per share.
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