TGL WHAAAAAAAT! Alerts, thoughts, discussion. Message Board

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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Jim Bishop who started this subject	6/4/2001 6:43:00 AM
From: SSP	Read Replies (1) of 150070

CBLT - The Cobalt Group To Be Acquired for $3.50 Per Share; Warburg Pincus to take The Cobalt Group private in a merger transaction Business Editors & Technology Writers SEATTLE--(BUSINESS WIRE)--June 4, 2001--The Cobalt Group, Inc. (Nasdaq:CBLT) announced today that it has entered into a merger agreement with an affiliate of Warburg Pincus, a private equity investment firm and Cobalt's largest shareholder. Under the terms of the merger agreement, Cobalt's shareholders will receive $3.50 in cash for each share of common stock that they own. The purchase price represents approximately a 79% premium to the $1.95 closing share price on June 1, 2001, which was the last trading day before the announcement of the transaction.

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