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NEW YORK — SBI and Company said that it plans to acquire once-high-flying interactive agency, Razorfish, for about $8.5 million.
The deal calls for the Salt Lake City-based e-business roll-up to pay out $1.70 per publically held share for Razorfish’s 5 million shares. The tender offer is scheduled to begin within ten business days and expected to close in the first quarter of 2003. The Razorfish name likely will be phased out over time, according to an SBI representative.
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