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Article: Greenfield Online Acquires CIAO AG for $154 Million, Increases Share of European Survey Solutions Market; Ciao's Rapid Revenue Growth Linked to Success of Its Online Community Platform, Greenfield Online to Adopt Ciao's Platform in the U.S.
- Article from:
- PR Newswire
- Article date:
- April 7, 2005
CopyrightCOPYRIGHT 2005 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WILTON, Conn., April 7 /PRNewswire-FirstCall/ -- Greenfield Online, Inc , a leading provider of Internet survey solutions to marketing research and consulting companies, today announced it has completed the acquisition of Munich-based Ciao AG for aggregate consideration valued at approximately $154 million USD. The consideration for the acquisition consists of 57,692,250 million euros in cash and 3,947,367 shares of Greenfield Online common stock valued at $20.19 USD per share (the closing price of the Greenfield Common Stock on Nasdaq on April 6, 2005). The amount of consideration is subject to certain post closing adjustments. This acquisition brings together two ...
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