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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Ruck who wrote (17517)2/22/1999 7:46:00 PM
From: RockyBalboa  Read Replies (1) of 18691
 
Not sure whether that is the the same ICC where softbank is invested. If they are for 5% or more - they had to file an SC13. The former "infosafe" now ICC had a subsidiary.... named ICC:

edgar-online.com

" In April 1997, the Company formed and purchased a majority
interest in Internet Commerce Corporation ("ICC"), which develops
Internet-based products and EC services focusing on electronic
data interchange ("EDI") and the electronic transmission of
business documents. ICC is presently a 83.3%-owned subsidiary of
the Company. ICC believes that its services will provide a lower cost
alternative to Value Added Networks ("VANs"), which are based on
high-cost, high-maintenance private network infrastructures
maintained by many large companies. "

"C. ICC Merger

The Board Of Directors approved the merger of ICC into the
Company pursuant to Section 251 of the DGCL, and the Consenting
Stockholders approved and adopted the Plan and Agreement of
Merger of Infosafe Systems, Inc. and Internet Commerce
Corporation (the "Merger Agreement") in the Consent. Pursuant to
the Plan and Agreement of Merger, the three holders of the 16.7%
of the shares of common stock of ICC not already owned by the
Company will receive, in exchange for each of such shares,
16.72474 shares of Class A Common Stock. The ICC Merger is
discussed more fully below. (See "The ICC Merger.")"

The 16.7% minority stakeholders are - unnamed - Softbank?

However, Infosafe (now, ICC) looked to acquire the remaining 16.7% of the ICC shares. ...

C.
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