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Technology Stocks : LoopNet, Inc. (LOOP)

LOOP 0.980

-0.5%

Dec 24 12:56 PM EST

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From: Glenn Petersen	4/18/2012 11:17:51 AM
	of 49

One year after the initial announcement, it appears that CoStar will be able to proceed with the acquisition of LoopNet: 17-Apr-2012 Other Events *Item 8.01 Other Events.* LoopNet, Inc. (the "Company") and CoStar Group, Inc. ("CoStar") announced that they have reached agreement on a mutually acceptable consent order with the staff of the Federal Trade Commission ("FTC"). The consent order is subject to review and approval by the Commissioners of the FTC and if approved by the Commissioners, it would clear the way for the merger of the Company and CoStar that was previously announced on April 27, 2011. The companies are not providing details of the consent order pending this Commission review and approval. The Company and CoStar hope to complete the merger by April 30, 2012. Completion of the merger remains subject to the expiration or termination of the waiting period under the Hart-Scott-Rodino Act, which would occur upon the approval by the FTC Commissioners, and other customary closing conditions. biz.yahoo.com

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