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Thursday, July 28, 2005 Purchase Approved

Shareholders of Internet price-comparison company Ltd. approved Thursday a proposed $620 million takeover by online auction house eBay Inc. expects the deal to close around Aug. 30, the company said in a Securities and Exchange Commission filing. didn't disclose the vote tally at the special shareholder meeting called to consider the eBay deal.

Last month, eBay, of San Jose, Calif., agreed to pay $21 a share for, an Israeli operator of a Web site which allows consumers to compare product prices across the Internet.

Another shopping comparison company, Shopzilla, was acquired by E.W. Scripps Co. last month for $525 million.

Separately, also said in the SEC filing that shareholders approved a $1 million bonus for Chief Executive Lorrie Norrington. The bonus will be paid immediately before the consummation of the merger, said.

1 comment:

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