Gray Cary Ware & Freidenrich Advises CKS Group in $375 Million Strategic Combination With UsWeb Corp.
Deal's Debut in Face of Market Turbulence Shows Strength of
Silicon Valley M&A Market
PALO ALTO, Calif.--(BUSINESS WIRE)--Sept. 3, 1998--Gray Cary Ware & Freidenrich LLP announced that it is advising CKS Group Inc. (Nasdaq:CKSG - news; Cupertino, Calif., NASDAQ:CKSG) in connection with its agreement to merge with USWeb Corp. (Nasdaq:USWB - news; Santa Clara, Calif., NASDAQ:USWB), announced yesterday.
The merger is valued at more than $375 million based on market prices at the close of business on Friday and will be carried out by means of a tax-free stock-for-stock exchange.
Is Alex still on the board here??
biz.yahoo.com
Ans: yes
www4.edgar-online.com
Alexandre Balkanski(1) ........... 37 Director
Pierre R. Lamond(1) .............. 67 Director *Sequia Partner
Barry R. Linsky(2) ............... 56 Director
Michael B. Slade(2)............... 40 Director----------
(1) Member of the Audit Committee.(2) Member of the Compensation Committee.
Each director of the Company serves a three-year term. Mr. Kvamme's and
Mr. Lamond's terms expire at the 1998 Annual Meeting of Stockholders,
Mr. Suiter's and Mr. Slade's terms expire at the 1999 Annual Meeting of
Stockholders, and Mr. Balkanski's and Mr. Linsky's terms expire at the 2000
Annual Meeting of Stockholders.
Mark D. Kvamme joined the Company in 1989 as a Partner and since 1991
has served as the Chairman of the Company's Board of Directors and Chief
Executive Officer. Prior to joining the Company, Mr. Kvamme served as Vice
President of Marketing for Pillar Corporation. From September 1986 to January
1989, Mr. Kvamme was International Marketing Manager for Wyse Technology, Inc.,
a terminal and personal computer manufacturer. Before joining Wyse, Mr. Kvamme
founded and served as President and Chief Executive Officer of International
Solutions, Inc., a global distributor of hardware and software products, from
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