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May 9, 2011 04:20 pm GMT
eBay last month announced that it has agreed to buy GSI Commerce, a provider of ecommerce and interactive marketing services, for $29.25 a share, or total consideration of approximately $2.4 billion.Under the terms of the merger agreement, GSI Commerce reserved the right to solicit acquisition proposals from alternative parties for a period of 40 calendar days. That "go shop" period has now expired, and GSI Commerce and its financial advisor Morgan Stanley say they have not received any alternative purchase proposals in time, although they claim to have contacted "numerous potential acquirers".
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/nGhilOm9e6s/
eBay Gets Closer To Closing $2.4 Billion GSI Commerce Acquisition
eBay last month announced that it has agreed to buy GSI Commerce, a provider of ecommerce and interactive marketing services, for $29.25 a share, or total consideration of approximately $2.4 billion.Under the terms of the merger agreement, GSI Commerce reserved the right to solicit acquisition proposals from alternative parties for a period of 40 calendar days. That "go shop" period has now expired, and GSI Commerce and its financial advisor Morgan Stanley say they have not received any alternative purchase proposals in time, although they claim to have contacted "numerous potential acquirers".Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/nGhilOm9e6s/
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