Glendon Group Taking BIDZ.com Private at $0.78/Share
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BIDZ.com, Inc. (Nasdaq: BIDZ) entered into a definitive merger agreement with Glendon Group, Inc. to be acquired for $0.78 per share in cash. This per share price represents a premium of 59.2% over the Company's closing price of $0.49 per share, on May 16, 2012, the last trading day prior to the execution of the merger agreement, and a premium of 37.7% over the Company's volume-weighted average of the closing prices over the 30 consecutive trading days including and immediately preceding May 16, 2012.
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