Lycos Europe Shareholders Vote to Liquidate Company

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Lycos Europe Shareholders Vote to Liquidate Company

12-13-2008, 12:38 PM,

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mandy Offline

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Lycos Europe Shareholders Vote to Liquidate Company

Quote:Lycos Europe shareholders voted to liquidate the business at an extraordinary general meeting at a hotel in Amsterdam this morning. They also nodded through managements strategy to sell its domain registration business, shopping portal and Danish website as going concerns. Shareholders will get 50 million ($66.72 million) returned to them on December 19 - not a bad Christmas present, but the price per share of 0.1605 ($0.21) is vastly less than its opening high of about 24 (now $32) in 2000....

full article: http://www.paidcontent.org/entry/419-lyc...reholders/

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