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Article: infoUSA Announces Engagement of Financial Advisor and Execution of Standstill Agreement with Vinod Gupta.
- Article from:
- Business Wire
- Article date:
- July 22, 2005
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OMAHA, Neb. -- infoUSA Inc. (NASDAQ:IUSA) announced that the Special Committee of its Board of Directors has engaged Lazard as its financial advisor to assist the Committee in its evaluation of the previously announced proposal by an affiliate of Vinod Gupta, infoUSA's Chairman and CEO, to acquire all of the shares of Common Stock of infoUSA not owned by Mr. Gupta at a cash purchase price of $11.75 per share. The Company previously announced that the Special Committee has engaged Fried, Frank, Harris, Shriver & Jacobson LLP as its legal advisor.
In connection with Mr. Gupta's proposal, Mr. Gupta has entered into an agreement with infoUSA, pursuant to which Mr. ...