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Stock Market & Financial Investment News

News Breaks
October 11, 2012
08:08 EDTBIDZBIDZ.com provides merger status update
As previously announced, on Sept. 27, BIDZ.com held its annual meeting of stockholders. At the annual meeting, each proposal presented at the annual meeting was approved by the required vote of Bidz.com stockholders, including the adoption of the merger agreement with Glendon Group, Inc. As previously announced, each condition to Glendon Group's obligation to close the merger has been satisfied. On Oct. 4, BIDZ announced that it had agreed to extend the deadline for Glendon Group to close the merger until Oct. 10. As of the close of business on Oct. 10, Glendon Group has not closed the merger. The company has agreed to provide Glendon Group until the close of business on Oct. 15 to close the merger.
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