>>maybe u should do some researching to get the REAL news,,, the big boys (Reuter) ALREADY sold on the 7/23... about 1/2 mil shrs..<<
The first story saying thay had sold on 7/23 was an error. Reuters filed a 144 saying they are *going* to be selling half million shares.
If they sold shares without first filing a 144, they'd be in trouble.
Headline: (CORRECTED)-Reuters proposes sale of Yahoo shares
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In the Aug 1 Washington story headlined "Reuters (ISEL:RTR)
unit sells Yahoo! (NASDAQ:YHOO) shares" please read the headline as
"Reuters proposes sale of Yahoo shares" and correct the first
paragraph to read...Reuters New Media Inc, a unit of Reuters
Holdings Plc (ISEL:RTR), disclosed a proposed sale of common
shares in Yahoo! Inc (NASDAQ:YHOO) that it valued at about $24.9
million.
And in the second paragraph read "....Reuters said it
proposed to sell...."
Corrects throughout to make clear it is a proposed sale. A
corrected version of the story follows.
WASHINGTON, Aug 1 (Reuter) - Reuters New Media Inc, a unit
of Reuters Holdings Plc, disclosed a proposed sale of common
shares in Yahoo! Inc. that it valued at about $24.9 million.
In a filing with the U.S. Securities and Exchange
Commission this week, Reuters said it proposed to sell the
507,614 shares in Yahoo!, a Santa Clara, Calif., Internet
search and navigation company, around July 23.
The transaction, it said, would be made through Robertson,
Stephens & Co.
"The 144 form speaks for itself. Reuters has no further
comment beyond what that form contains except to say that
Reuters remains a shareholder in Yahoo and maintains a close
and strong commercial relationship," said Robert Crooke, a
spokesman for Reuters America.
The filing did not disclose what the size of Reuters
remaining stake in Yahoo! would be, nor would Crooke discuss
it.
Reuters acquired an initial stake in Yahoo! on November 22,
1995. At that time, Reuters extended through 1999 a
pre-existing news supply relationship with Yahoo!.
In April 1996, Yahoo! became a publicly traded company.
Copyright 1997, Reuters News Service |
