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Greenfield Online Spurns Quadrangle For Higher Offer; Will Pay $5 Million Breakup Fee

We’re mainly covering this one due to the jilted buyer… Greenfield Online, a provider of online market research, says it’s nixing its sale to media PE firm Quadrangle. The company had already indicated that it received a potentially higher offer than the $426 million or $15.50 per share it was set to get from Quadrangle. The new buyer, an un-named Fortune 100 firm, will pay $17.50 for the company. Per the original agreement announced in early June, Quadrangle will get a $5 million fee for its troubles. Quadrangle could still increase its offer if it acts before August, 29. Release.

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Aug 26, 2008 8:00 AM ET

Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, greenfield online, quadrangle

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Comments (3)

Oct 15, 2008 6:33 PM

hımm $426 million or $15.50 ?

juli

Oct 15, 2008 6:46 PM

what Juli?

enes

Oct 15, 2008 6:47 PM

yes enes?

see

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