Go-shop period results in possible buyer for Greenfield Online; agreement with Quadrangle still in effect

By Lisa Kerner

Charlotte, N.C., Aug. 6 - Greenfield Online, Inc. said it has received a proposal to acquire the company for $17.50 cash per share during the go-shop period under Greenfield's agreement with an affiliate of Quadrangle Group LLC.

The go-shop period ended Aug. 4, a Greenfield Online news release noted.

It was previously reported that the private investment firm agreed to acquire all of the outstanding common stock of Greenfield Online for $15.50 per share in cash, or a total equity value of about $426 million.

Greenfield Online added that the potential strategic buyer is an excluded party as defined in the merger agreement with Quadrangle.

Quadrangle has the right under the merger agreement, which remains in effect, to negotiate improved terms with Greenfield Online.

Greenfield Online provides internet survey and comparison shopping solutions primarily in North America and Europe. The company is based in Wilton, Conn.

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