Answers.com (ANSW) Rejects Increased $14/Share Bid from Greenspan as Vote on AFCV Offer Looms
Tweet
Share
E-mail
Answers.com (Nasdaq: ANSW) Board rejected an increased offer from Brad Greenspan Thursday ahead of a shareholder vote on the proposed $10.50 offer from AFCV Holdings scheduled for this morning. The $14 per share offer follows a rejected bid at $13.50 per share from Greenspan on Monday.
Although Greenspan claims to have received voting agreements from Answers.com shareholders, the Board said it was worried about necessary financing as well as clarity on the potential timing of a deal.
Shares of Answers.com are up 0.6 percent to $10.47 Thursday afternoon.
Stay tuned to StreetInsider.com to hear the breaking news on AFCV's offer.
Although Greenspan claims to have received voting agreements from Answers.com shareholders, the Board said it was worried about necessary financing as well as clarity on the potential timing of a deal.
Shares of Answers.com are up 0.6 percent to $10.47 Thursday afternoon.
Stay tuned to StreetInsider.com to hear the breaking news on AFCV's offer.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- EQT And KKKR Said Among Firms Considering Bids For Qiagen - Bloomberg
- Calian completes $51.5M acquisition of Galaxy Broadband
- Elastic acquires Deductive AI to boost observability platform
Create E-mail Alert Related Categories
Mergers and AcquisitionsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
