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News Breaks | | | | September 28, 2012 | | 08:22 EDT |  | BIDZ | Bidz.com acquired by Glendon
On Sept. 27, Bidz.com was acquired by Glendon Group through a merger of Bidz.com into a subsidiary of Glendon Group pursuant to a previously announced merger agreement. At Bidz.com's annual meeting that was held on Sept. 27, the merger agreement was approved by holders of a majority of the outstanding Bidz.com shares as well as by holders of a majority of the outstanding Bidz.com shares that are held by unaffiliated stockholders. As a result of the merger, Bidz.com is a privately held company and its stock no longer trades on the Nasdaq Capital Market. | |
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