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Technology Stocks
724 Solutions (NASD: SVNX, TSE:SVN)
An SI Board Since November 1999
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Emcee:  caly Type:  Unmoderated
Introduction Compact
724 Solutions - 724solutions.com

Privately held now.

Canadian company accepts Austin Ventures' higher offer

Austin Business Journal - March 14, 2006

Austin Ventures LP boosted its buyout offer for Toronto's 724 Solutions Inc., and the Canadian company accepted it.

In late February, Austin Ventures proposed buying the rest of the shares of 724 Solutions Inc.'s common stock that it doesn't already own for $3.07 each, or nearly $17 million. That offer was rejected. Now, the offer has been raised to $3.34 per share, or more than $18.3 million, and 724 Solutions has taken it.


724 Solutions' stock has been trading around $3.30 per share.

If a definitive agreement on the revised proposal isn't reached, the offer will expire April 6, according to a 724 Solutions news release.

Austin Ventures, a venture capital firm based in Austin, is the largest shareholder of 724 Solutions.

Affiliates of Austin Ventures own 547,854 common shares of Toronto-based 724 Solutions (NASDAQ: SVNX, TSX: SVN) and hold about $8.9 million worth of notes that can be converted to another 2.9 million common shares. Furthermore, partners with Austin Ventures own 5,162 common shares of 724 Solutions.
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337Bought some shares here at $3.60 that I sold at $3.90 (4/05). For me, this has james-rockford-4/15/2004
336Bought some here at $3.46, filled gap, 50dma is $3.43. Market is due for a bouncjames-rockford-3/15/2004
335If they applied to buy back a few shares,that would do it samSam-12/3/2002
334Would a reverse split help, not sure if these are good things, but seems like a nzlsixty-12/3/2002
333I see they have untill Dec.9 to make a resolution on what steps it will take to Sam-12/3/2002
332That is correct. The old story, slowly slowly catch the monkey. 3G is getting cnzlsixty-12/3/2002
331Time to put this back on the watch reading some interesting articles on the newSam-12/1/2002
330SKT, LGT Join Up in Mobile Payment Service etienglish.com By Shin Hwa-soo Thurwaitwatchwander-9/12/2002
329Mobile carriers clash with credit card firms koreaherald.co.kr Korea's mwaitwatchwander-9/12/2002
328I want wireless banking. Email. Cyberspace. Telecoms charge too much money. Maurice Winn-9/12/2002
327Yep. When I got my first wireless device, I realized there was only one wirelescaly-9/9/2002
326M-commerce boom turning into a bust zdnet.com.com By Troy Wolverton Special twaitwatchwander-9/9/2002
325724 Solutions Signs Major Contract with Hewlett-Packard Toronto, Ontario, Apr 2james-rockford-4/24/2002
324Bought some shares today at $1.07. Trading below cash and hardly any debt. Worthjames-rockford-4/18/2002
323I read something about a china deal ,but thats about it .this thing must have soSam-11/29/2001
322What is your rationale for thinking of buying? What products or services do thecaly-11/28/2001
321just trying to find any information I can on it thinking of getting in but lotsSam-11/28/2001
320What exactly are you trying to find out. I haven't owned the stock for a localy-11/27/2001
319Annyone out there cant find out what is going on here samSam-11/27/2001
318uh..it jumped alright. tripled! Missed it. after watching for a month..I missed QUISP_-11/16/2001
317Trading well below cash now, Yahoo say $1.84 cash per share, SI $4.26. Watching james-rockford-11/12/2001
316JP Morgan initiated coverage with a BUY rating biz.yahoo.comRene Madsen-2/19/2001
315Huge down volume spike today.....What happened? RobertRobert-1/30/2001
314newswire.caFlea-1/24/2001
313Up 10% today on no news .... what's up?Rene Madsen-1/18/2001
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