Summary:

Hoover’s Holders Welcome New Offer, Say Co Still Worth More: Hoover’s shareholders said they welcomed Friday’s $8-a-share acquisition offer…

Hoover’s Holders Welcome New Offer, Say Co Still Worth More: Hoover’s shareholders said they welcomed Friday’s $8-a-share acquisition offer from an investment group including Austin Ventures and Marathon Partners–but the shareholders still think the company is worth more, somwhere between $10-$14 per share. Hoover’s isn’t allowed to solicit offers under the agreement with Dun & Bradstreet but it can consider unsolicited bids that are deemed “superior.” Dun & Bradstreet has three business days to match any competing bid, according to regulatory filings.

By Rafat Ali

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