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Article: fashionmall.com, Inc's Response to GenesisIntermedia.com, Inc.
- Article from:
- PR Newswire
- Article date:
- December 29, 2000
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NEW YORK, Dec. 29 /PRNewswire/ --
fashionmall.com, Inc. (Nasdaq: FASH) today acknowledged receipt of a letter from GenesisIntermedia.com, Inc. proposing a business combination in which each of the holders of fashionmall.com's common stock would receive $2 in cash and .29 shares of the common stock of GenesisIntermedia.com for each share of fashionmall.com common stock.
Mr. Narasin indicated that despite the recent expressions of interest, fashionmall.com was not seeking to sell itself, but noted that the company hoped to obtain additional information from GenesisIntermedia.com and that the Board would evaluate the proposal in the near future. If ...