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Technology Stocks : shopping.com (IBUY)

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To: Arcane Lore who wrote (390)1/26/1999 7:18:00 PM
From: Arcane Lore  Read Replies (1) of 435
 
IBUY has filed an 8-K announcing the amendment of the Compaq offer from $19.00 per share to $18.25 per share:

freeedgar.com

... On January 20, 1999, Shopping.com, a California corporation (the "Company"), and Compaq Computer Corporation, a Delaware corporation ("Compaq"), executed Amendment No. 1 to the Agreement and Plan of Merger dated January 11, 1999 (the "Merger Amendment"). Pursuant to the Merger Amendment, Compaq's tender offer to purchase all of the outstanding shares of common stock of the Company as described in the Offer to Purchase dated January 15, 1999 has been amended. The new offer reflects a revised offer price of $18.25 per share as compared to Compaq's original offer of $19.00 per share. The reduction in price was negotiated between Compaq and the Company following the disclosure by the Company of additional information, including information regarding the number of shares of common stock and convertible securities outstanding. Completion of the transaction is subject to certain conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act. Following the successful completion of the offer, all of the remaining shares will be acquired pursuant to a merger. The Merger Amendment is attached as Exhibit 99.1. ...
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