InfoSpace (INSP): Where GNET went! Message Board

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Technology Stocks : InfoSpace (INSP): Where GNET went!

INSP 119.16

-8.7%

Dec 15 3:59 PM EST

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To: Peach who wrote (3729)	4/16/1999 9:32:00 PM
From: jon zachary	Read Replies (3) of 28311

vulcan filed an ammended tender offer today, here are the important details : Upon consummation of the transactions contemplated by the Stock Purchase Agreement, including the Offer (which has expired without any shares of Common Stock being validly tendered and not withdrawn) and the purchase of shares of Common Stock from the Company's directors, including three directors who are also executive officers, the Purchaser and Mr. Allen will beneficially own approximately 34.2% of the total number of shares of the Company's Common Stock then outstanding (assuming conversion into Common Stock of the New Issue Preferred Shares, and assuming that no other shares of Common Stock are issued). The Offer expired at 12:00 midnight, New York City time, on Thursday, April 15, 1999. Based on information provided by the Depositary, no Shares were validly tendered and not withdrawn prior to the expiration of the Offer.

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