Peek Extends Tender Offer for Shares of Looksmart Until November 30
PEEK Investments LLC today issued the following statement:
"We have extended our third-party tender offer to purchase all of the outstanding shares of common stock of LookSmart, Ltd. (Nasdaq: LOOK) for $1.00 per share in cash. As extended, the tender offer is scheduled to expire at 5:00 P.M., New York time, on November 30, 2012. The tender offer was previously scheduled to expire at 5:00 P.M., New York time, on October 26, 2012. As of October 26, 2012, 5,105,622 shares had been deposited, which, together with the shares owned by PEEK's affiliates, represents approximately 45% of the total shares outstanding.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.