Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Netpliance <NPLI> .com/iopener -- Ignore unavailable to you. Want to Upgrade?

To: randpup who wrote (32)	12/24/2000 7:41:09 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 51

NPLI CEO seeks to take the company private: Netpliance investor group offers buyout at $0.65/shr NEW YORK, Dec 22 (Reuters) - Internet home appliance company, Netpliance Inc. <NPLI.O>, on Friday said an investor group led by the company's CEO had offered to buyout the remaining shares of the company for roughly $20 million. The Austin, Tex.-based company said the investors had offered to buy the stock in a cash deal for 65 cents a share, a premium from stock's closing share price of 11/32 on the Nasdaq Thursday. Netpliance chair and CEO John McHale led the buyout offer with other stockholders, who represent 52 percent ownership of the company's common stock. "It is anticipated that other stockholders will be joining the investor group," the company said in a release. Shares of Netpliance traded unchanged at 11/32 on Nasdaq Friday, before being halted pending the news of the investor group. The stock has a 52-week range of 5/11 to $26-1/8.