I guess this is what you're referring to. I actually made a few bucks off this black hole on a bounce from 10 to 13. Good think I got out and never looked back.
Open Market, Inc. and divine, inc. Complete Merger Transaction
BURLINGTON, Mass., Oct 23, 2001 /PRNewswire via COMTEX/ -- Open Market, Inc., (Nasdaq: OMKT chart, msgs), a leading provider of content-driven e-business solutions, announced today that as a result of the approval by Open Market shareholders on Friday, October 19, 2001, the Company has completed its merger transaction with Chicago-based divine, inc., (Nasdaq: DVIN chart, msgs) and the acquisition has formally closed.
Pursuant to the merger agreement, each common stockholder of Open Market will receive .8326 shares of divine Class A common stock, for each share of Open Market common stock such stockholder holds as of October 19, 2001.
Harland LaVigne, chairman, president and CEO of Open Market said, "This merger is a significant milestone for Open Market, its great staff of people and world-class technology. We see a tremendous opportunity to combine our content management offerings and leverage divine's technology, sales, and services expertise to help our customers efficiently manage and deliver all of their content resources to reduce costs and strengthen customer loyalty."
"The acquisition of Open Market provides a critical platform component for our combined interaction, collaboration and knowledge solutions," said divine Chairman and Chief Executive Officer Andrew "Flip" Filipowski. "Ultimately, our customers will be able to manage and leverage an entire range of knowledge and content assets that drive effective and profitable interactions with their customers, employees and partners |
