BIDZ.COM (BIDZ) Extends Merger Deadline for Second Time

October 11, 2012 8:09 AM EDT
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As previously announced, on September 27, 2012,, Inc. (Nasdaq: BIDZ), a leading online retailer of jewelry, held its annual meeting of stockholders. At the annual meeting, each proposal presented at the annual meeting was approved by the required vote of stockholders, including the adoption of the merger agreement with Glendon Group, Inc. As previously announced, each condition to Glendon Group's obligation to close the merger has been satisfied.

On October 4, 2012, BIDZ announced that it had agreed to extend the deadline for Glendon Group to close the merger until October 10, 2012.

As of the close of business on October 10, 2012, Glendon Group has not closed the merger.

The Company has agreed to provide Glendon Group until the close of business on Monday, October 15, 2012 to close the merger.

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