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Friday, 03/21/2003 7:22:09 AM

Friday, March 21, 2003 7:22:09 AM

Post# of 72830
GIGM - - 6:59AM GigaMedia receives $1.20 buyout bid from management group (GIGM) 0.80:

Co announces that its board of directors has received a formal offer from GigaMedia's management group, comprised of all seven senior officers of the company, to purchase all of the shares of the company for $1.20 per share.



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