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Learn2.com Inc. and E-Stamp Corp. have agreed to merge in an effort to help the struggling Web companies weather the economic slowdown by focusing on the growing corporate electronic-learning market.
Under terms of the merger, which was reported earlier Friday in The Wall Street Journal, E-Stamp, Mountain View, Calif., will issue 38 million shares for all outstanding Learn2.com shares. Based on E Stamp’s (ESTM) closing price of 17 cents a share Thursday on the Nasdaq Stock Market, the deal is valued at about $6.5
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