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Category: AOL Pulls Out of TradeDoubler Acquisition AOLS Holdings withdraws its offer as it is clear that the 90 percent condition has not been fulfilled
By March 14, 2007, the final day of the extended acceptance period of the Offer, AOLS Holdings had received acceptances relating to a limited number of shares in TradeDoubler.1 As stated in AOL's January 15, 2007 announcement of the Offer, completion of the Offer is conditional upon the Offer being accepted to the extent that AOLS Holdings becomes the owner of more than 90 percent of the total number of shares in TradeDoubler. As it is clear that this condition is not satisfied, AOLS Holdings has decided to withdraw the Offer.
Source: AOL
Source: Wired News
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