Mr. Pink's Picks: selected event-driven value investments Message Board

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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: TRIIBoy who wrote (13163)	8/14/2001 3:32:49 PM
From: RockyBalboa	Read Replies (1) of 18998

Triiboy, MDLK finally bought out by UNEWY. $5, at least it is a cash deal... Tuesday August 14 3:01 PM ET United Business Media to Buy Medialink NEW YORK (Reuters) - Britain's United Business Media Plc(Nasdaq:UNEWY - news)(UBM.L), owner of PR Newswire, said on Tuesday it would buy corporate multimedia news content provider Medialink Worldwide Inc. (Nasdaq:MDLK - news) in a deal designed to boost its PR Newswire service. United Business, which also owns NOP World Market Research and does most of its business in the United States, said it would pay $5 a share in cash for Medialink, valuing the deal at $29 million. It said that it would merge Medialink into its PR Newswire subsidiary. Medialink's shares jumped after the announcement, rising 99 cents, or almost 30 percent, to $4.34.

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