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Friday, Apr 19, 2024

ValueClick Purchase almost Complete

Westlake Village-based online advertising and media services firm, ValueClick Inc, has announced that it has acquired 97 percent of the outstanding shares of advertising firm Fastclick’s common stock in a deal valued at $214 million. ValueClick said that it extended the all-stock exchange for three days, through Sept. 27, so that investors who hold options have time to review an amended registration statement. ValueClick’s purchase of Santa Barbara-based Fastclick was announced in August. Fastclick shareholders are slated to receive .7928 shares of ValueClick stock for each Fastclick share.

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