We’re mainly covering this one due to the jilted buyer… Greenfield Online, a provider of online market research, says it’s nixing its sale to media PE firm Quadrangle. The company had already indicated that it received a potentially higher offer than the $426 million or $15.50 per share it was set to get from Quadrangle. The new buyer, an un-named Fortune 100 firm, will pay $17.50 for the company. Per the original agreement announced in early June, Quadrangle will get a $5 million fee for its troubles. Quadrangle could still increase its offer if it acts before August, 29. Release.
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
["wijax_2acf8dc73ba53eb9ee29fe556deef75c","wijax_d9331b47d532bf938b6b39030558b6ae"]
{"source":"https:\/\/gigaom.com\/2008\/08\/26\/419-greenfield-online-spurns-quadrangle-for-higher-offer-will-pay-breakup-f\/wijax\/49e8740702c6da9341d50357217fb629","varname":"wijax_149089220cf10b9b8469764c9e95cd4a","title_element":"header","title_class":"widget-title","title_before":"%3Cheader%20class%3D%22widget-title%22%3E","title_after":"%3C%2Fheader%3E"}
{"source":"https:\/\/gigaom.com\/2008\/08\/26\/419-greenfield-online-spurns-quadrangle-for-higher-offer-will-pay-breakup-f\/wijax\/49e8740702c6da9341d50357217fb629","varname":"wijax_149089220cf10b9b8469764c9e95cd4a","title_element":"header","title_class":"widget-title","title_before":"%3Cheader%20class%3D%22widget-title%22%3E","title_after":"%3C%2Fheader%3E"}
Comments have been disabled for this post