Short Take: Intermedia acquired Digex
Intermedia Communications will acquire Internet service provider Digex for $13 per share or approximately $150 million. Intermedia will acquire all outstanding Digex shares. The acquisition was unanimously approved by the board of directors of both companies, and shareholders owning a majority stake in Digex have agreed to sell their shares to Intermedia for $13 per share.
will
acquire Internet service provider Digex
for $13 per share or approximately $150 million. Intermedia will acquire
all outstanding Digex shares. The acquisition was unanimously approved by
the board of directors of both companies, and shareholders owning a
majority stake in Digex have agreed to sell their shares to Intermedia for
$13 per share.