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Article: GenesisIntermedia.com Makes Offer to Acquire Fashionmall.com.

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PR Newswire
Article date:
December 29, 2000
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LOS ANGELES, Dec. 28 /PRNewswire/ --

GenesisIntermedia.com, Inc. (Nasdaq: GENI) (Frankfurt: GIA) announced today that it is filing a Schedule 13D with the Securities and Exchange Commission, disclosing that it had acquired, through various open market transactions, a 7% interest in the common stock of Fashionmall.com (Nasdaq: FASH).

Furthermore, GENI has sent an offer, in the form of a letter sent to the management and Board of Directors of Fashionmall.com, providing for the acquisition of all of FASH's remaining shares outstanding in a transaction valued at $7 per FASH share, or at a premium of 170% over $2.59375 per share, yesterday's closing price of ...

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