Its an all cash deal:
biz.yahoo.com
Inktomi Announces Holder Mtg In Connection With Yahoo Merger
Tuesday February 11, 9:24 am ET
FOSTER CITY, Calif. -(Dow Jones)- Inktomi Corp. (NasdaqNM:INKT - News) scheduled a special meeting of its stockholders to consider and act on the company's merger agreement with Yahoo Inc. (NasdaqNM:YHOO - News) .
In a press release Tuesday, Inktomi also noted that the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act with respect to the merger has expired.
In December, Yahoo signed a definitive agreement to acquire Internet search technology company Inktomi for $1.65 a share in cash, or about $235 million. Yahoo reportedly plans to integrate Inktomi technology to expand its Web search offering.
The meeting will be held on March 19 in San Mateo, California. Stockholders of record on Feb. 3 will be entitled to vote at the meeting, Inktomi said.
Shares of Inktomi recently traded up 2 cents, or 1.1%, to $1.63 a share, on Nasdaq composite volume of 600,000 shares, compared to daily average volume of 4.4 million shares.
-Thomas Gryta; Dow Jones Newswires; 201-938-5400 |
