PEEK Investments LLC today issued the
following statement:
PEEK has received tenders for a number of shares of LookSmart, Ltd. LOOK which, together with the shares owned by PEEK and its affiliates,
represents a majority of the total shares outstanding. Unfortunately for
shareholders, LookSmart has reacted by imposing a last-minute "retroactive"
poison pill. Notwithstanding LookSmart's last-ditch act of desperation, PEEK
has extended its third-party tender offer to purchase all of the outstanding
shares of common stock of LookSmart for $1.00 per share in cash. As extended,
the tender offer is currently scheduled to expire at 5:00 P.M., New York City
time, on September 12, 2012. The tender offer was previously scheduled to
expire at 12:00 midnight, New York City time, on August 24, 2012.
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