ValueClick (VCLK) Lower Following CEO Switch
Down)
ValueClick (NASDAQ: VCLK) is 4.5% lower in early action Thursday as the CEO change at the company has tempered recent buyout speculation.
After the close, Tom A. Vadnais was named CEO, replacing James R. Zarley. Zarley has been named ValueClick's executive chairman and will focus on strategic direction.
ValueClick has been frequently named as a buyout target following Google's (Nasdaq: GOOG) acquisition of DoubleClick and Microsoft's (Nasdaq: MSFT) acquisition of aQuantive (Nasdaq: AQNT).
After the close, Tom A. Vadnais was named CEO, replacing James R. Zarley. Zarley has been named ValueClick's executive chairman and will focus on strategic direction.
ValueClick has been frequently named as a buyout target following Google's (Nasdaq: GOOG) acquisition of DoubleClick and Microsoft's (Nasdaq: MSFT) acquisition of aQuantive (Nasdaq: AQNT).
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