Message Font: Serif | Sans-Serif
No. of Recommendations: 0

Good afternoon,

Ziff-Davis Inc. today announced that its Board of Directors has declared that a special meeting of the holders of ZD Common Stock (NYSE: ZD) and ZDNet Common Stock (NYSE: ZDZ) will be held on Friday, October 13, 2000. The Board of Directors also declared that the record date for shareholders entitled to vote at the special meeting will be the close of business on September 5, 2000. A proxy statement for the special meeting of shareholders will be mailed on or around September 8, 2000 to both ZD and ZDNet shareholders of record.

As previously disclosed, Ziff-Davis will merge with a subsidiary of CNET, with Ziff-Davis surviving as a wholly owned subsidiary of CNET Networks. As a result of the merger, each share of ZD common stock will convert into 0.3397 shares of CNET common stock (Nasdaq: CNET) and each share of ZDNet common stock will convert into 0.5932 shares of CNET common stock. The parties expect to close the merger in the fourth quarter of 2000.

In a seperate press release CNet announced a special share holders meeting for the same issues to be held a few days later on October 17, 2000.

Click on the news link at the top of this page to read the full press release.

Keep Foolish and Prosper,

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.