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NEW YORKDoubleClick said late yesterday that it has hired Lazard Freres & Co. to explore strategic options for the company to achieve greater shareholder value, including a sale of part or all of its businesses or a spin-off.
The New York investment firm will also consider a recapitalization, extraordinary dividend or share repurchase for the online ad technology firm.
DoubleClick shares (DCLK) closed on the Nasdaq today at $7.12, up 76 cents or 12 percent, putting the company’s market capitalization at just over $900 million.
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