QXL buyout of Ricardo gets delayed

There's fresh info on Ricardo's performance

Updated QXL's buyout of German auction site Ricardo.de took a new twist today. QXL issued a statement this morning saying it had "received certain information from Ricardo.de in the period following the announcement of the proposed transaction on May 16, 2000.

Ricardo spokesman Matthias Quaritsch told Reuters that "The delay can be a couple of days, a week but also longer then that, but the merger will go ahead."

QXL has said that its board of directors was "evaluating the implications of this information on the proposed transaction". Another announcement on Ricardo, which boasts ex-Compaq chief Ekhard Pfeiffer as its figurehead, is expected later today.
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Antique Street

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telecoms and media, corporate finance, and capital markets. EO said it will launch more European subsidiaries in the next few months.




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For more news on dotcom finacials, go to Cash Register.

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