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Bidz.com Says Glendon Hasn't Closed Merger as of October 15

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As previously announced, on September 27, 2012, BIDZ.com, Inc. (Nasdaq: BIDZ), a leading online retailer of jewelry, held its annual meeting of stockholders. At the annual meeting, each proposal presented at the annual meeting was approved by the required vote of Bidz.com stockholders, including the adoption of the merger agreement with Glendon Group, Inc. As previously announced, each condition to Glendon Group's obligation to close the merger has been satisfied.

On October 11, 2012, BIDZ announced that it had agreed to provide Glendon Group until the close of business on October 15, 2012 to close the merger.

Posted-In: M&A News

 

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