Notable Mergers and Acquisitions of the Day 8/8 (MIVA)
StreetInsider.com Notable Mergers and Acquisitions of the Day:
- blinkx plc delivered a letter to the Board of Directors and CEO of MIVA, Inc. (NASDAQ: MIVA) in which blinkx proposes to acquire MIVA for a cash consideration of $1.20 per share.
blinkx believes the proposal is highly attractive for MIVA shareholders. blinkx's proposal represents a 54% premium above the closing price of MIVA common stock of $0.78 on August 7, 2008, and a 36% premium over the average closing price for the one month prior to August 7, 2008.
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