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Technology Stocks : InfoSpace (INSP): Where GNET went!
INSP 83.20-0.3%Nov 20 3:59 PM EST
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To: The O who wrote (5143)5/6/1999 8:01:00 PM
From: GrokSoup  Read Replies (2) of 28311
 
In case people didn't see it in the 10-Q, check the bottom of page
6. "On March 19, 1999, pursuant to the Stock Purchase Agreement,
Vulcan commenced a tender offer to purchase 3,596,688 shares of
Common Stock for a purchase price of $90.00 per share. The tender
offer expired on April 15, 1999 with no shares being tendered."

In other words, Allen's bid to acquire 54% of Go2Net was utterly
rebuffed. "The reason they made the tender offer at $90 was that they
were concerned the stock might drop," explained an analyst. "As it
turned out, the stock didn't need any support." Thanks Sherlock.

groksoup.com

P.
groksoup.com
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