much better than business wire coverage. the news hit dow jones wire late friday afternoon right at the close
03/05 3:56P (DJ) IRT Industries In Pact To Buy Internet Auction Site IRTG
Story 4097 (IRTG, I/CNO, I/ENT, N/DJN, N/DJWI, N/CAC, N/ETDR, N/MNA...)
FORT LAUDERDALE, Fla. (Dow Jones)--IRT Industries Inc. (IRTG) signed a letter of intent to acquire Thinkbid.com Inc., a person-to-person auction Web site.
Financial terms weren't disclosed.
In a press release Friday, IRT said Thinkbid.com is developing an Internet search engine and plans to broadcast live auctions on the Web.
IRT expects to close the acquisition within 30 days.
IRT, which trades on the over-the-counter bulletin board, has resort, gaming and related interests overseas.
(END) DOW JONES NEWS 03-05-99
03:56 PM
Additional Codes (N/NET, N/TNM, M/CYC, P/DLE, R/FL, R/NME, R/US, R/USS) |
