eBay announced last month decided to GSI Commerce, an e-commerce and interactive advertising services, the purchase of $ 29.25 and shares of approximately $ 2,400,000,000 st Vice-President of the merger agreement GSI reserves Commerce the right to alternative proposals for the purchase of advertising for a period of 40 days.
Das, shopping, time passed, and GSI Commerce and its financial adviser Morgan Stanley said that there are alternative proposals for the purchase in a timely manner, however, is the contact, and many potential buyers. In addition, GSI Commerce noticed the FTC has shown that it has granted early termination of the waiting period required by the Hart-Scott Rodino. Therefore, the conditions for the completion of a merger agreement is legal.
Thus, the company expects to file with the SEC a definitive proxy statement and vote at Special Meeting to approve the merger. special session on Friday, June 17, 2011. GSI eBay and expect to complete the transaction in the second quarter of 2011 (which already has a lot to close in the third quarter of this year).
GSI Commerce recently, a net loss of $ 13,600,000 in the first quarter of this year, during the last year of loss due to higher costs and expenses, including costs for eBay purchases. This was despite an increase of 19 percent of revenues.
Das, shopping, time passed, and GSI Commerce and its financial adviser Morgan Stanley said that there are alternative proposals for the purchase in a timely manner, however, is the contact, and many potential buyers. In addition, GSI Commerce noticed the FTC has shown that it has granted early termination of the waiting period required by the Hart-Scott Rodino. Therefore, the conditions for the completion of a merger agreement is legal.
Thus, the company expects to file with the SEC a definitive proxy statement and vote at Special Meeting to approve the merger. special session on Friday, June 17, 2011. GSI eBay and expect to complete the transaction in the second quarter of 2011 (which already has a lot to close in the third quarter of this year).
GSI Commerce recently, a net loss of $ 13,600,000 in the first quarter of this year, during the last year of loss due to higher costs and expenses, including costs for eBay purchases. This was despite an increase of 19 percent of revenues.
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