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Technology Stocks : Hoover's Inc (HOOV) -- Ignore unavailable to you. Want to Upgrade?

To: A.L. Reagan who wrote (840)	2/7/2003 9:33:45 AM
From: Jon Koplik	Read Replies (1) \| Respond to of 848

Hoover's to review competing buyout bid for $8/shr Reuters, 02.07.03, 8:59 AM ET AUSTIN, Texas, Feb 7 (Reuters) - Corporate data provider Hoover's Inc. (nasdaq: HOOV - news - people) said on Friday its board will consider a buyout offer from two private investment firms that values the company at $8 per share and top a $7 per share offer from D&B (nyse: HOOV - news - people) it had already agreed to accept. Hoover's said it received the cash offer, which values the company at $129.6 million, from Austin Ventures and Marathon Partners L.P. On December 5, Hoover's said it agreed to be bought by financial information publisher D&B for $7 per share. Hoover's said its board of directors will consider the bid "in accordance with the terms of the merger agreement between Hoover's and D&B." Copyright 2003, Reuters News Service.