eBay Inc. and GSI Commerce announced today that the companies have entered into a memorandum of understanding, or MOU, with GSI shareholders settling claims filed in Delaware state court related to eBay’s previously announced acquisition of GSI. More: continued here
Read More »eBay Settles Suits Over GSI Acquisition
EBay said Monday it had agreed to settle lawsuits over its planned acquisition of GSI Commerce by making an additional payment to GSI shareholders and selling some assets to GSI CEO Michael Rubin. More: continued here
Read More »eBay to Pay More for GSI, Acquisition Expected to Close Friday
GSI Commerce shareholders had complained that the company was not getting enough money for its sale to eBay and sued GSI and its board – eBay had announced in March it would acquire GSI Commerce for $29.25 a share, or total consideration of approximately $2.4 billion. More: continued here
Read More »eBay’s Acquisition Costs Soar Following Settlement With GSI Shareholders – All Things Digital
Auctionbytes eBay's Acquisition Costs Soar Following Settlement With GSI ShareholdersAll Things DigitalIn addition to the $2.4 billion eBay was already paying to acquire GSI Commerce, it has agreed to dole out more to settle claims that will now bring total merger costs to more than $3 billion. The two companies, …
Read More »The $2.6 Million Buffett Power Lunch – New York Times (blog)
Reuters Africa The $2.6 Million Buffett Power LunchNew York Times (blog)The five-day auction, held on eBay, stalled after one bidder trumped a rival by a mere $100 last Monday. Bidders did not pick up their virtual paddles again until the auction chugged toward its close. Proceeds from the auction will …
Read More »Postman stole toys to fund his cocaine habit – Evening Standard
Postman stole toys to fund his cocaine habitEvening StandardRichard O'Brien, 42, who worked for the Royal Mail for almost two years, was caught with toys, CDs, books, footwear and iPods, Croydon crown court was told. He had intercepted the parcels, many of which were from Amazon, and taken them to …
Read More »EBay Settles Shareholder Litigation Over GSI Commerce Acquisition
EBay Inc. (EBAY) , owner of the largest e- commerce market, and its takeover target GSI Commerce Inc. (GSIC) settled an investor suit claiming EBay’s $2.4 billion takeover offer undervalued GSI. More: continued here
Read More »eBay traders could be hit over unpaid tax – Director of Finance online
eBay traders could be hit over unpaid taxDirector of Finance onlineeBay Inc (NASDAQ:EBAY) traders in the UK could be targeted for unpaid tax suggests a tax expert. ACCA (the Association of Chartered Certified Accountants) is today warning traders, who use online sites such as eBay, that they could be targeted …
Read More »No lines at this Wyo. post office – Wyoming Tribune
No lines at this Wyo. post officeWyoming TribuneMERIDEN — Kodilyn Krakow looks out the window of the Meriden post office, straining to see the truck carrying today's mail down US Highway 85. Today's delivery from Cheyenne is late by about 20 minutes. Krakow, the area's mail carrier, … More: continued …
Read More »Area Residents Eligible For Weather Food Stamps – WSMV Nashville
Area Residents Eligible For Weather Food StampsWSMV NashvilleStarting Monday, food stamps are being issued to people in eleven counties hammered by severe weather this spring. Residents in Montgomery, Lincoln, Henry and Carroll counties are among those who can ask for the assistance. Those affected have to apply …Disaster food stamps …
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