The settlement terms, holders of GSI stock will receive 33 cents a share in addition to the $29.25-a-share payment already agreed to by eBay. The investors will get the settlement money after the acquisition is wrapped up on June 17. eBay had announced its intention to acquire GSI Commerce for $2.4 billion ($29.25 per GSI share) back in March. The two companies have announced that they are settling claims filed in a Delaware state court; and GSI shareholders will be paid a settlement amount equivalent to about $0.33 a share.
This is the easiest way for eBay to get into ecommerce for larger brands without affecting their auction business. They get a known name in ecommerce and an excellent client list. In addition, they also get the warehouses and distribution facilities that GSI manages for some of their clients. Yes, they have warehouses which contain either merchandise for their clients or merchandise that they own and sell through their clients stores.
0 comments:
Post a Comment