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Article: infoUSA Issues Clarification Regarding Discussions Between Special Committee With Vinod Gupta.
- Article from:
- PR Newswire
- Article date:
- August 25, 2005
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OMAHA, Neb., Aug. 25 /PRNewswire-FirstCall/ -- infoUSA Inc. announced that an analyst's research brief issued today inaccurately characterizes discussions between the Special Committee of the Board of Directors of infoUSA and Mr. Vinod Gupta that preceded the withdrawal by Mr. Vinod Gupta of his previously announced proposal to acquire all of the shares of infoUSA not owned by him for $11.75 per share in cash.
The research report suggests that Mr. Vinod Gupta withdrew his offer after being told that the Special Committee was open to negotiations with him only if he was willing to vote for the best deal.
In fact, the Special Committee did not condition ...