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Technology Stocks : NewMarket Technology Inc

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To: kknightmcc who wrote (13)11/25/2006 1:10:11 AM
From: blankmind  Read Replies (1) of 21
 
- i never understood how the merger/takeover would help nmkt shareholders - as Action Products was unprofitable - the only thing going was their amex listing

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Nov 22 (Reuters) - Action Products International Inc. (APII.O: Quote, Profile, Research) on Wednesday said it terminated negotiations to acquire NewMarket Technology Inc. (NMKT.OB: Quote, Profile, Research) as final merger terms were elusive.

In October, the education toy company said it was considering acquiring NewMarket in all stock deal for about $100 million valuing NewMarket's stock at not less than 50 cents a share. (Reporting by Jennifer Robin Raj in Bangalore)
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