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Article: Amazon.com Completes Tender Offer for Audible.
- Article from:
- Business Wire
- Article date:
- March 17, 2008
CopyrightCOPYRIGHT 2008 Business Wire. 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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SEATTLE -- Amazon.com, Inc. (NASDAQ:AMZN) today announced the completion of its tender offer for all outstanding shares of Audible, Inc. (NASDAQ:ADBL). The tender offer expired at 5:00 p.m., New York City time, on Friday, March 14, 2008.
As of such time, an aggregate of approximately 21.5 million shares of Audible common stock, or approximately 86.9% of Audible's outstanding shares, had been tendered into, and not withdrawn from, the offer. These shares, together with shares owned by Amazon.com prior to the commencement of the offer, represent 89.4% of Audible's outstanding shares. All tendered shares have been accepted in accordance with the terms of the tender ...