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Article: GenesisIntermedia.com makes bid for Fashionmall.com.(Company Business and Marketing)

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Telecomworldwire
Article date:
January 2, 2001
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TELECOMWORLDWIRE-2 January 2001-GenesisIntermedia.com makes bid for Fashionmall.com (C)1994-2001 M2 COMMUNICATIONS LTD http://www.m2.com

GenesisIntermedia.com Inc, a California-based company specialising in the marketing and advertising of consumer goods and services, has acquired a 7% stake in the fashion web site Fashionmall.com Inc through various open market transactions.

In addition, GenesisIntermedia has sent an offer to Fashionmall's board of directors for the purchase of the company's remaining outstanding shares at USD7/share. The offer would give Fashionmall's shareholders USD2 in cash and 0.29 ...

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