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NEW YORK InfoUSA said it would continue with its unsolicited bid to buy Digital Impact, rebuking the Internet marketing agency’s board of directors for failing to negotiate.
The Omaha, Neb., database company skewered Digital Impact’s board of directors, which a day earlier recommended shareholders vote against InfoUSA’s offer to buy the company for $71 million in cash. In a statement, InfoUSA CEO Vin Gupta said the board “is not seriously committed to realizing stockholder value.” He urged the company to discuss the $2 per share bid, which is barely above its current $1.97
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