InvestorsHub Logo
Post# of 24977
Next 10
Followers 12
Posts 649
Boards Moderated 0
Alias Born 02/04/2004

Re: None

Tuesday, 04/27/2004 10:31:57 PM

Tuesday, April 27, 2004 10:31:57 PM

Post# of 24977
CMGI..2.27..Why there should be a breakout in the next week or two.....

On March 24th, 2004..CMGI acquired Modus Media which will increase their yearly revenue to $1 Billion and give them a nice China presence. This will greatly enhance their net profitability. This transaction is expected to close this quarter (3rd) and will be formally announced.

It has been ****25 trading days***** since this PR came out. This is the pertinent part of the PR....

The exchange ratio for the proposed stock for stock merger is variable, based upon an aggregate purchase price of $157.5 million (subject to reduction if net indebtedness exceeds a targeted amount) and the

***************average closing price of CMGI common stock for the 20 day period ending immediately prior to the second trading day preceding the date of closing, but is limited such that for purposes of this calculation the CMGI closing stock price average utilized will not be less than $2.03 or greater than $2.48**************,

and that in no event will the amount of shares issued by CMGI in the proposed merger exceed certain limitations imposed by the Nasdaq.

http://biz.yahoo.com/bw/040324/245356_1.html

CMGI should be closing this merger very soon and should be announcing it in the coming week or so....just in time for a symmetric triangle breakout on this one!

Good Luck!


Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.