OneSource Gets Unsolicited Takeover Bid

OneSource, the B2B info service, has received an unsolicited bid to take it private, from 32 percent owner ValueAct Capital Partners. It has offered to pay $9.50 per share for the rest of the company in order to take it private, according to an Outsell news brief. That price is a 20 percent premium over the 30-day volume-weighted trailing average of OneSource shares through September 30. In a letter filed with the SEC today, ValueAct said that it believes OneSource can best concentrate on its long-term prospects if it is relieved of the short-term performance pressures that a public company faces.

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