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Technology Stocks : ABACUS DIRECT CORP. (ABDR) -- Ignore unavailable to you. Want to Upgrade?


To: D. K. G. who wrote (58)3/4/1999 8:06:00 AM
From: wolfgangl  Respond to of 60
 
Denis,

for such an elaborate response I would wait even longer.

According to your numbers ABDR seems still to be very well of and from this respect not the best short candidate, except as you say, it reenters it's trading range.

Thanks,

Wolfgang



To: D. K. G. who wrote (58)6/14/1999 7:08:00 AM
From: D. K. G.  Respond to of 60
 
DoubleClick Merging With Abacus

dailynews.yahoo.com

NEW YORK (Reuters) - Web advertising company DoubleClick Inc. (Nasdaq:DCLK - news) said it is merging with marketer Abacus Direct Corp. (Nasdaq:ABDR - news), in a stock deal valued at $1 billion, the Wall Street Journal reported Monday.

The deal is expected to be announced Monday, the paper said in its electronic edition.

Under the proposed pact, DoubleClick will issue 1.05 shares of its common stock for each share of Abacus stock, the paper said. Abacus shareholders will own 20.5 percent of the combined company, to be called DoubleClick.

Friday, DoubleClick's shares closed at 88-13/16, while shares of Abacus closed at 74-9/16.

The deal will help DoubleClick to become better able to put an ad or offer for a product before the specific Internet customers most likely to buy, the paper said.

Abacus will provide DoubleClick with a rich trove of data, including products that consumers have previously purchased.