Jana Confirms It’s Done With CNET Fight
By Joseph Weisenthal - Thu 19 Jun 2008 05:16 AM PST
Not that it was in doubt, but Jana is done with its CNET (NSDQ: CNET) proxy fight. The company said in a filing that in light of the CBS (NYSE: CBS) acquisition, the firm and its various partners: “ceased to pursue the conduct of a proxy contest regarding the Issuer.” Last night Jana made a separate filing indicating that Velocity had agreed to exercise an option to buy 1 million shares at $10, which makes given the $11.50 takeout price.
Posted in: Companies, CBS, CBS Interactive, CNET, VC+M&A, Mergers & Acquisitions
Tags: jana partners,
